Tue, 14 Jul 2020

Macao's gaming revenue plunges by 93.2 pct in May

Xinhua
02 Jun 2020, 13:18 GMT+10

MACAO, June 2 (Xinhua) -- Macao's gaming industry revenue plunged by 93.2 percent year-on-year in May 2020, the special administrative region (SAR)'s gaming industry watchdog said on Tuesday.

Macao's Gaming Inspection and Coordination Bureau said in its latest report that the gaming revenue was 1,764 million patacas (about 221 million U.S. dollars) in May this year, a drastic decline of 93.2 percent from 2019.

The accumulated revenue in the first five months of 2020 reached 33.00 billion patacas (about 4.13 billion dollars), also down by 73.7 percent year-on-year.

The current novel coronavirus pandemic has aggravated the subdued performance of gaming industry, as the SAR government kept the tightened entry policy to curb the spread of the disease since late January this year.

Macao's monthly gaming revenue kept a year-on-year growth for 29 consecutive months since August 2016. But the trend was ended as it recorded a decrease of 5 percent in January 2019.

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