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China – Macau’s revenues drop by more than half in second quarter

By - 20 July 2022

Revenues at Macau’s casinos fell by 52 per cent quarter to quarter during the second quarter of the year coming in at $1.03bn, according to data published by the Gaming Inspection and Coordination Bureau (DICJ).

Five casinos closed during the period due to new laws on satiliette licences taking the region’s total down to 37. Following an outbreak of COVID, the government moved to close down all casinos last week for the first time in two years.

Mass table game revenues were halved coming in at $803.9m with VIP falling by 59 per cent to $235,074. Slot revenue dropped by 32 per cent coming in at $92.17m. The Macau Jockey Club saw a 20 per cent increase to $1.4m. The sector had a total of a total of 6,006 gaming tables and 12,042 slots down from 6,025 gaming tables and 11,615 slots at the end of the March.

Chief Executive Ho Iat Seng has said that casinos will be allowed to operate on a limited basis starting from July 23.

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