acau gambling revenue in January dropped 63.7% year-over-year as the world's biggest casino hub struggled to boost visitors from its key market of mainland China because of a rise in COVID-19 cases across the border.. January's figure was 8 billion patacas ($1.00 billion), according to figures released by the Macau government on Monday.. However, the number showed sequential improvement from Macau, located on the southern coast of China and a one-hour ferry ride from Hong Kong, is the world’s largest legal casino destination by revenue, bigger than Las Vegas. The city is home to 41 Macau casinos ended their worst year on record with little sign of progress in a recovery, though hopes remain for a rebound in the world’s largest gambling hub later in 2021. Gross gaming Macau casino revenue down 79.3% in 2020. 4th January 2021, 2:35pm . By Robert Fletcher 1 minute read. Gross gambling revenue in Macau fell 79.3% year-on-year in 2020 as the Chinese Special Administrative Region was badly affected by enforced closures and travel restrictions resulting from the novel coronavirus (Covid-19) pandemic. GGR amounted to MOP60.44bn (£5.55bn/€6.15bn/$7.57bn) in the VIP gambling claims a record low share (34.5%) of Macau casino gaming revenue in Q4 2020 due to COVID-19 and China law changes. Figures released Wednesday by Macau’s Gaming Inspection and Coordination Bureau (DICJ) show the special administrative region of China’s casinos generated revenue of just MOP716m (US$89.7m) in... Macau casinos experienced a 63.7% year-over-year drop in brick-and-mortar gambling revenue, according to numbers released by the Gaming Inspection and Coordination Bureau. Operators in the region... 2019 will mark an end to Macau’s two-year casino rebound. GGR fell from $45 billion in 2013 to $27.9 billion in 2016 as a result of China cracking down on VIP junkets. Macau February GGR soft ahead of CNY: analysts. Feb 09, 2021 Newsdesk Latest News, Macau, Top of the deck . Macau casino gross gaming revenue (GGR) declined during the first week of February compared to the January levels, suggested brokerage Sanford C. Bernstein Ltd in a Monday note. Monthly Gross Revenue from Games of Fortune Back: Av. Praia Grande Ed. China Plaza 762-804, 21fl. Tel: (853) 2856 9262 Fax: (853) 2837 0296 Email: [email protected]
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