Macau Gaming Revenues Drop in November

Gambling continues to struggle in Macau, as revenues for the period sank 70.5% when compared to the same time last year.

The lower numbers came in at MOP6.75 billion, but are the second-highest for the region since January, when casinos brought in MOP22.13 billion. The numbers were also down 7.2% from the MOP7.27 billion hauled in during October of this year.

Revenues for the year to date are down 80.5% from 2019, with revenues coming in at MOP52.62 billion. Macau has been severely impacted from the Covid-19 pandemic, as travel from China has been severely restricted, including having casinos closed for several months this year. This has caused casinos like the Wynn Palace to see revenues drop 97.4% and Galaxy Entertainment see a drop of 93.9% for periods throughout the year.

Macau is slowly opening back up though, and with news that vaccines are going to be rolling out next year, it’s possible that Macau will see a rebound in 2021.

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