Macau to Reopen After Covid Outbreak With Gaming Revenue at Record Low
- Gaming income tumbles 95% in July on city-wide lockdown
- City left in Covid Zero predicament as more curbs are eased
The Grand Lisboa casino hotel under lockdown in Macau on July 6.
Photographer: Guo Kai/VCG/Getty Images
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Macau’s casinos suffered their worst month ever, with gaming revenue in July plunging to the lowest on record as the city cautiously eases Covid-19 curbs that have hammered the gambling hub.
Gross gaming revenue fell 95% to 398 million patacas ($49 million), the lowest since records began in 2009, according to the Gaming Inspection & Coordination Bureau. That’s better than analyst expectations for a 97% slump but is still 98% lower than pre-pandemic levels.