Macau Casinos Head for Worst Year on Record Due to Covid Squeeze
- Gross gaming revenue falls 56% from year earlier in November
- China’s Covid policy has kept high rollers and tourists away
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This will be a year to forget for the gaming industry in Macau, where casinos are on track for their weakest revenue haul on record as China’s rigid Covid policies and travel restrictions keep gamblers away.
The Gaming Inspection and Coordination Bureau said Thursday that casino revenue in November fell 56% from a year earlier to 3 billion patacas ($374 million). That took revenue for January-November to 38.7 billion patacas, far short of the 270 billion patacas for the same period in 2019, prior to the pandemic.