Macau experiences steep one-week aggregated gaming revenues increase

The 41 casinos in Macau have reportedly seen their aggregated gross gaming revenues rise dramatically over the course of the past week owing to the city’s move to ease a range of coronavirus-related travel restrictions with neighboring China.

According to a report from Inside Asian Gaming, this news was first revealed by global investments research firm Sanford C Bernstein Limited as combined daily gross gaming revenues in the former Portuguese enclave doubled over the seven days from October 18 to hit approximately $19.6 million. The source detailed that this tally followed Macau welcoming 25,252 tourists from mainland China on Friday, which equated to the highest one-day tally since the September 25 decision to place a two-week quarantine requirement on anyone travelling between the two territories.

Rapid response:

Macau is home to some of the world’s largest and most prestigious casinos including the iconic Casino Grand Lisboa venue from SJM Holdings Limited as well as Melco Resorts and Entertainment Limited’s $3.2 billion Studio City Macau development. However, the city’s government reportedly last month reacted to a small outbreak of coronavirus by rolling out a fresh safeguard that required arrivals from the mainland to quarantine for a minimum of two weeks.

Source: https://news.worldcasinodirectory.com/macau-experiences-steep-one-week-aggregated-gaming-revenues-increase-97657