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Lusa - Business News - Macau: Gaming revenues fall 93.2% in May

Macau,China,June 1,2020(Lusa)-Gaming revenues in Macau fell by 93.2% in May, compared to the same period in 2019, as there were severe restrictions on the borders of the world's casino capital to contain the Covid-19 pandemic.

While in May 2019 the gambling operators in the former territory administered by Portugal took in 25.95 billion patacas (€2.63 billion), this May's gross revenue was 1.76 billion patacas (about €198 million).

The data released on Monday by the Inspection and Coordination of Gaming (ICJD) showed a decrease of 73.7% in the first five months of the year, in a period in which casinos were closed for at least 15 days in February.

The total amount generated from January to May 2020 was 33 billion patacas (€3.72 billion), 92.68 billion patacas (€10.44 billion) less than in the first five months of 2019.

Macau casinos ended 2019 with revenues of 292.46 billion patacas (€32.43 billion).

With tourist visas from China to Macau suspended, the number of visitors from the interior of China fell in April by 96.3% year-on-year, with only 11,041 visitors, according to the latest official figures.

In the same month, hotel occupancy in Macau was 12.9%, 78.6 percentage points down compared to the same period in 2019.

The first four months of the year saw just over 3.2 million visitors, down 76.6% on the same period last year.

Macao has had no new cases of Covid-19 for almost two months and there are currently no active cases after two waves during which 45 infected people were identified.

Worldwide, according to an AFP news agency assessment, the Covid-19 pandemic has claimed more than 370,000 lives and infected more than six million people in 196 countries and territories.

The disease is transmitted by a new coronavirus detected at the end of December in Wuhan, a city in central China.



Agency : LUSA

Date : 2020-06-02 09:43:00


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