Macao’s gaming revenue plunges by 97 pct in June

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MACAO, July 1 (Xinhua) — Macao’s gaming industry revenue plunged by 97 percent year-on-year in June 2020, the special administrative region (SAR)’s gaming industry watchdog said on Wednesday.

Macao’s Gaming Inspection and Coordination Bureau said in its latest report that the gaming revenue was 716 million patacas (about 89.78 million U.S. dollars) in June this year, a drastic decline of 97 percent from 2019.

The accumulated revenue in the first half of this year reached 33.72 billion patacas (about 4.23 billion dollars), also down by 77.4 percent year-on-year.

The current COVID-19 pandemic has aggravated the subdued performance of gaming industry, as the SAR government kept the tightened entry policy to curb the spread of the disease since late January this year.

Macao’s monthly gaming revenue kept a year-on-year growth for 29 consecutive months since August 2016. But the trend was ended as it recorded a decrease of 5 percent in January 2019. Enditem

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