Macau gaming revenue plunges 97 percent
Casino gaming revenue in Macau was all but wiped out in April.
It brought in just $94 million in gross revenues, compared to $3 billion in April 2019.
Down nearly 97%, it is the worst month on record for the world’s top gambling hub.
Casinos in the former Portuguese colony were all closed for two weeks in February but have reopened.
However travel restrictions have stopped the key Mainland China market coming to Macau, leaving casinos virtually empty.
Year to date gross gaming revenue is down 68.7% for the first four months of 2020, according to the Gaming Inspection and Coordination Bureau.
Revenues fell 88% in February.
It is estimated that each casino property is losing about $1 million a day.
April’s plummet is the seventh consecutive month of declining revenue due to last year’s Hong Kong pro-democracy protests as well as the Covid-19 pandemic.
Casino operator Melco Resorts & Entertainment, which has cut salaries of top executives, says guest numbers have been ‘virtually zero’ since reopening in February.
Macau has 45 confirmed Covid-19 cases, with no deaths.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers reduced timetable to over 60 destinations
Hands In, UATP join forces for airline multi-card payments
AirlineRatings reveals world's safest airline rankings for 2026
Vietnam warns airlines of possible flight reductions amid jet fuel shortages
Fliggy opens AI-powered travel bookings and developer tools