Macau's July casino revenues dry out

Saturday, August 01, 2020

Gambling revenue in Macau plunged by 94.5 percent in July year-on-year, with casinos reeling from a lack of visitors in the world’s biggest casino hub despite a loosening of quarantine restrictions.

July’s figure of 1.3 billion patacas (US$162.89 million) was in line with analysts’ expectations of a drop of around 95 percent, Reuters reports.