Macau casino revenue continues recovery in April with 1,014% growth
Macau’s gaming revenue rose 1,014% year-over-year in April to 8.4 billion patacas ($1.1 billion), according to data released Saturday by the Gaming Inspection & Coordination Bureau. That was below the median analyst estimate for a 1,054% jump, Bloomberg reports.
Revenue increased 1% from the previous month, and is down 65% from April 2019, before the pandemic hit.
The latest jump compares with a low level a year earlier when China ramped up travel curbs to halt the virus. Last April, gaming revenue sank a record 97% to less than $100 million.
The accumulated revenue in the first four months of this year reached 32.04 billion patacas (about 4.0 billion dollars), up by 2.6% year-on-year. In February this year, the monthly gaming revenue soared 135.6% year-over-year.
Macau’s monthly gaming revenue kept a year-on-year decrease in 2020 due to the impact of COVID-19 and the following tightened travel restrictions to the SAR. However, the drop in monthly gaming revenue has been easing in the second half of 2020 thanks to stable epidemic situations in Macau and the mainland.
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