Macau casinos: budgets still falling

Macau casinos continue to experience huge losses as a result of the Covid pandemic crisis19. June was the worst month.

Gross gambling revenue in Macau still collapses.

With 97% drop, the numbers have been the worst monthly performance since Covid19 started blocking travel.

According to data from the Inspection and Coordination Office of the games, GGR in the month totaled just 716 million MOP, down from the 28.8 billion MOP of last year.

The June decline follows a 93% drop in May and a 96.8% drop in April. For the current year, GGR fell 77.4 percent.

Macau casinos were closed for a period of two weeks in February at the height of the Covid19 crisis in China and despite a sharp drop in both that month and March, volumes had improved.

However, Macau has imposed draconian border controls after a wave of imported cases, which include a ban on entry from anywhere outside of Greater China, while those traveling from Hong Kong or Taiwan are subject to quarantine.

The authorities argued to create a travel bubble between Hong Kong, Macau and the Chinese province of Guangdong, which analysts say would give GGR a significant boost in Macau.