torajaBet Macau’s gross gaming revenue has fallen by more than 90% for four consecutive months

 

Even five months after casinos reopened, the world’s largest gambling market is still recovering from the COVID -19 pandemic.

Macau casinos won $ 168 million from gamblers in July, according to data released by the Games Inspection & Coordination Bureau. This figure represents a decrease of 94.5 percent from year to year. It is the fourth straight month that Macau’s gross gaming revenue has fallen by more than 90 percent.

This is also the 10th consecutive month Macau gaming revenue has declined. In June, gamblers lost $ 89.7 million to gambling operators visit TorajaBet.

According to a report from the South China Morning Post, the steps taken by the Chinese government have hampered the gaming market’s recovery.

Since the outbreak closed Macau’s casinos for two weeks in February, the government banned tourist visas and officials from the neighboring province of Guangdong have forced residents to undergo a 14-day quarantine when returning from the former Portuguese colony.

It appears that government factors are easing and the market could start experiencing a turnaround in the coming weeks and months. Guangdong province lifted the mandatory quarantine in mid-July and analysts expect tourism visas to resume in August or possibly September.

With fewer travel restrictions from state and federal governments, the American gambling market has not seen revenue fall at the same rate. In the first month it was open for business since its nearly three-month closure, Nevada casinos saw a 45.5 percent year-over-year decline.

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Updated: 30 November 2020 — 7:04 pm