Macau’s gaming revenue plunging 68% from a year earlier to the lowest level in about 18 months

Macau’s gaming revenue slump deepened in April, plunging 68% from a year earlier to the lowest level in about 18 months as the world’s biggest gambling hub suffers from a tourist drought amid China’s Covid-19 lockdown measures.

Gross gaming revenue dropped to about 2.68 billion patacas, according to the Gaming Inspection and Coordination Bureau.

The results were slightly lower the median analyst estimate of a 66.5% year-on-year decline. In March, the city already reported a 56% drop in gaming revenue.

The Bloomberg Intelligence index of Macau’s six casino operators fell 12% in April, compared with a 4% drop in the benchmark Hang Seng Index.

Source: https://www.thestandard.com.hk/breaking-news/section/2/189696/Macau%E2%80%99s-gaming-revenue-plunging-68-from-a-year-earlier-to-the-lowest-level-in-about-18-months