November’s Revenue Shows Macau Casinos Still Struggle To Recover From Pandemic

What was once the world’s largest gambling market is continuing to struggle to rebound from the COVID-19 pandemic as Macau casinos put up another sub pair month in November.

According to numbers from the Gaming Inspection & Coordination Bureau, operators in the former Portuguese colony won $834 million from gamblers during the month. The figures represent a 55% jump in revenue from October’s gross earnings, but that doesn’t mean much as it was the market’s worst month of 2021. A more significant comparison is the 70% decrease from November 2019, before the pandemic wreaked havoc on the globe.

Macau is moving in the complete opposite direction of its American counterpart, Las Vegas, which was a major catalyst in Nevada tying a state record with its casinos reporting at least $1 billion in gross gaming revenue for the eighth consecutive month.

For some context, in April 2019, Macau saw its worst year-over-year drop since 2016. But it still reported $3.23 billion in monthly gaming revenue.

Source: https://www.cardplayer.com/poker-news/26479-november-s-revenue-indicates-macau-casinos-still-struggle-to-recover-from-pandemic