In Macau, the Gaming Inspection and Coordination Bureau reported that April saw a huge 97% drop in revenues compared to the same period in 2019.
The massive impact COVID-19 had on the world’s largest gambling hub was devastating for casino owners.
Figures show that total gaming revenues recorded were just $95 million for the whole month that is in comparison to the $3 billion in revenues for April 2019.
Since the beginning of the year the world’s largest gambling hub has seen a 11% drop in revenues in January, then a 88% drop in February followed by 80% in March and now the largest drop of all for April.
Macau operators are in a better place than its Las Vegas competitors as most Macau operators have none or little debt and can call on billions in cash piles.
However the local government will be hit the hardest as it relies on gambling taxes for 80% of its revenues.
About the negative impact of the covid-19 pandemic over the world gambling industry you can read also HERE.
About the real and official situation of the covid-19 pandemic around the world you can check the World Health Organisation website right from HERE.