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Macau casino gaming revenue hits all-time low in July collecting only $49M amid Covid restrictions

News Snapshot:

According to the Gaming Inspection and Coordination Bureau, Macau’s gaming revenue has hit an all-time low; their worst month ever since records began in 2009. Data shows gross gaming revenue fell 95% to 398 million patacas ($49 million) in July, 98% lower than pre-pandemic levels. Macau’s casinos reopened on July 23, after a nearly two-week shutdown mandated in an effort to stop the spread of Covid-19. However, without tourists, business was slow for the gaming venues. As per the announcement, authorities will further relax social-distancing rules from Tuesday, allowing venues such as bars and gyms to reopen and dining-in services…

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