International edition
June 17, 2021

Casino revenue took up 60% of the island's GDP in the past year

Macau casino revenues down 3.5% in October

(Macau).- Macau’;s casino revenues in October amounted to us$ 1.14 billion, down 3.5% compared with the same period of last year, a year-on-year decline for the second consecutive months since September, the South China Morning Post reported, citing unofficial data.

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ndustry analysts attributed the year-on-year slowdown to declining revenue and betting volume from VIP gamers resulting from the Chinese government’s visa restrictions. However, official comment on this matter is not available at present.

Earlier last month, Beijing had further tightened its restrictions on mainland visitors entering Macau, which only allow mainland tourists to visit Macau every three months, compared with one trip every two weeks before June.

In addition, from September 1, mainlanders traveling to or working in Hong Kong have been required to apply for separate permits to visit Macau. Casino revenue took up 60% of Macau’s GDP in the past year and the industry accounts for 80% of government revenue.

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