Gambling revenue in Macau drops to $459 million in March
The Macau Gaming Inspection and Coordination Bureau has published a monthly report on the activity of gambling market operators. Their revenue for March 2022 amounted to $459 million, which is 54% lower than it was recorded in February, and 86% less compared to the same period last year.
The sharp decline is associated with the introduction of restrictions from due to the re-emerging pandemic in the country. This has affected the number of tourists in the region. In addition, land-based casinos have begun to accept fewer customers to comply with social distancing measures. As a result, in the first two weeks of March 2022 alone, attendance at gambling establishments decreased by 23% compared to the same period in February.
The Macau Gaming Inspection and Coordination Bureau notes that one should not expect an increase in gambling income in April either. Anti-COVID measures will continue this month and casinos will still have to limit the number of visitors in the halls.
But this is not the only problem that gambling operators will face. In the region, the authorities are actively reviewing legislation regarding gambling entertainment. It is planned to toughen the main regulations and start updating licenses for all land-based casinos. Operators will again have to go through multi-stage checks in order to continue their work in the region.
Such measures on the part of the authorities are connected with the desire to start actively developing family tourism in Macau. For this, it is planned to build new entertainment complexes. This will lead to the fact that over time the region will cease to be the gambling center of China.
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