Gaming revenues in Macau fall by 60% in the first quarter of 2020

17 April 2020

Gross revenues from gambling activities in Macau totalled 30.635 billion patacas (US$3.829 billion), a drop of 60% compared with the 76.371 billion patacas posted in the same period of 2019, said Macau’s Gaming Inspection and Coordination Bureau (GICB).

Gross revenues of games of chance of casino gambling accounted for 99.5% of the total with 30.486 billion patacas, and the difference to the total is made up of revenues of horse racing, lotteries and Chinese instant lottery, and sports betting on football and basketball.

Gambling in casinos was focused on VIP and mass market baccarat, with revenues of 14.809 billion and 12.151 billion patacas, respectively, followed by slot machines with 1.550 billion patacas and “cussec” with 800 million patacas.

Gross revenue of mass market baccarat got closer to that of VIP baccarat, when compared with the values recorded a year before – 37.208 billion and 29.879 billion patacas, respectively.

At the end the first quarter of 2020 Macau had 41 casinos, two of which had been provisionally suspended, 22 managed 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, with 6,739 gaming tables and 17,009 slot machines. (macauhub)