Caixin
Aug 01, 2022 03:48 PM
BUSINESS

Macao to Reopen After Covid Outbreak With Casino Revenue at Record Low

(Bloomberg) — Macao’s casinos are set to report their lowest ever monthly revenue in July as the city cautiously eases curbs that have hammered the gambling hub.

Gross gambling revenue likely fell 97% to 253 million patacas ($31.3 million), according to the median estimate in a Bloomberg News survey of nine brokerages. That beats the previous low of 716 million patacas reported in June 2020 and would be 99% lower than pre-pandemic levels in 2019. The Gaming Inspection & Coordination Bureau will release figures later Monday.

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