COVID Restrictions Cause Sharp Drop In Macau Gambling Revenue


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Macau gambling revenue saw a significant dip in August as casinos in the former Portuguese colony won $554.5 million in August, according to figures released by the Gaming Inspection and Coordination Bureau. From a year-over-year standpoint, it is a 234% increase, but Macau’s gross gaming revenue was nearly halved from July’s levels. Year-over-year comparisons are still a weak metric to view the health of the market as it was still stagnant from the COVID-19 pandemic a year ago. The continuation of the pandemic was most likely the reason for last month’s revenue decline. According to a report from GGR Asia,...