Macau Casino Revenue Drops 70.5%
Macao Casino Gross Revenue (GGR) Falls 70.5% YoY in November to $844 million. This data was published in the report of the Bureau of Inspection and Coordination of Gambling. In 2020, only the January GGR of $22.13 billion was reported to be higher than the previous month.
Macau's gambling sector had its lowest gross return in June. At that time, it amounted to only $716 million. At the same time, the growth of GGR occurred only after the restoration of the tourist flow from mainland China, first for the residents of Zhuhai on August 12, and then for Guangdong province and the whole country on August 26 and September 23, respectively.
Despite an increase in the number of visitors, Macau casinos continue to feel the effects of the COVID-19 pandemic. According to statistics, the GGR of the industry for 11 months of 2020 decreased year-on-year by 80.5%.
Recall that the French online gambling sectorbegan to overcome кризис.