Casinos in Macau start 2020 with an 11.3% fall in gross revenue

3 February 2020

Macau’s casinos started 2020 with a significant drop in gross revenue, which fell by 11.3% to 22.126 billion patacas (US$2.765 billion) year-on-year in January, informed the Department of Inspection and coordination games.

The information disclosed does not mention the possible effect of the appearance of the Wuhan virus on casino revenues, particularly since the beginning of the Lunar New Year of the Rat.

Gross revenue in 2019 fell by more than 10 billion patacas compared with 2018, totalling 292.455 billion patacas (US$33.556 billion), or a decline of 3.4%.

At the end of the fourth quarter of 2019 Macau had 41 casinos, 22 of which owned by Sociedade de Jogos de Macau, six by Galaxy Casino, five by Venetian Macau, two by Wynn Resorts (Macau), four by Melco Crown (Macau) and two by MGM Grand Paradise, which altogether had a total of 6,739 tables and 17,009 slot machines. (macauhub)