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


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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)

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