Macau’s gambling revenues drop 65.8% in December, 79.3% in 2020


Investing.com - Financial Markets Worldwide

No results matched your search

Economy8 hours ago (Jan 01, 2021 02:10AM ET)

© Reuters. A general view shows casinos and hotels following the coronavirus outbreak in Macau
© Reuters. A general view shows casinos and hotels following the coronavirus outbreak in Macau

HONG KONG (Reuters) – Gambling revenue in Macau plunged 65.8% in December year-on-year, a less severe drop than in recent months as the world’s largest casino hub saw a pick-up in visitors from its key market – mainland China.

December’s revenues were 7.8 billion patacas ($976.71 million), according to data released by Macau’s government on Friday.

Gambling revenues for the full year dropped 79.3%, reflecting the hit from the coronavirus pandemic which prompted widespread travel restrictions. ($1=7.9860 patacas)

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More

Spread the love
Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

Latest articles

A “Super League” is promising to make African soccer...

African soccer is getting a new annual club competition that may generate money for participants at a scale never seen before in the continent.At least that’s the hope for the Africa Super League.The tournament will boost the “quality and competitiveness of football in Africa,” in part with the $100 million prize money attached, according to…

India has a term for Europe’s planned power outages...

Europe’s plan to overcome its weighing power cuts, Germany is proposing France and increasingly warms its summers and based on cost considerations, regulatory mechanisms, and utilisation levels of coal plants.“India’s grid is under increasing pressure from the rapid growth in load from commercial and residential air conditioners, refrigeration and other loads, boosting electricity consumption at…

The number of foreign companies active in India is...

Foreign companies may be losing interest in India.While more of them have registered in the country—up 11.4% since 2017—fewer are active compared to then, 2,783 foreign companies left India, commerce and industry minister Piyush Goyal told parliament late last year. These include Metro AG, Holcim, Ford, Royal Bank of Scotland, ease of doing business in…

No, Elden Ring And GTA V Are Not On...

Earlier this week, some folks checking Microsoft’s Cloud Gaming beta website noticed something weird: listings for games like Elden Ring and Grand Theft Auto V not only said they were part of the company’s Game Pass offering, but would also be playable on the cloud.Read more...

Similar articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe to our newsletter

Spread the love