CASINO WORLD NEWS The worst year in the history of Macau casinos 3 weeks ago Iwo Bulski Post Views: 87 Macau casinos ended their worst year on record with little sign of progress in a recovery, though hopes remain for a rebound in the world’s largest gambling hub later in 2021. Gross gaming revenue fell 66 per cent to 7.82 billion patacas (US$979 million) in December from a year earlier, according to data from the Gaming Inspection & Coordination Bureau. That was roughly in line with the median analyst estimate for a 68 per cent decline, and follows a 71 per cent drop in November. Full-year revenue fell 79 per cent to 60.4 billion patacas. Macau is struggling to lure back players more than three months after China relaxed travel and visa curbs, as gamblers still find it tough to enter the city because of a difficult and time-consuming application process. Getting into Macau is actually getting more difficult, as the government tightened border restrictions because of a new strain of coronavirus that emerged in the UK. Under the new policy, residents from Greater China who have been to any country within the past three weeks will be prohibited from entering the city. Macau has not seen coronavirus cases in the past six months – one of the longest Covid-free streaks in the world – but it’s still at risk as infections are reappearing in Hong Kong and parts of mainland China with the onset of colder weather. Analysts expect a rebound this year. Monthly gaming revenue should show solid gains due to easy comparisons with 2020 figures. Sanford C. Bernstein sees gaming revenue returning to about 80 per cent of 2019 levels, though analyst Vitaly Umansky does not expect a significant easing of bottlenecks in the near term. The Bloomberg Intelligence index of Macau casino operators rose 3.9 per cent in December, paring its decline for the year to 11 per cent. The benchmark Hang Seng Index added 3.4 per cent for the month. Source: scmp.com Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: gaming revenues, Macau Continue Reading Previous Pragmatic Play Enters Croatia With Novomatic’s Admiral CasinoNext Pragmatic play gives back during the holidays with a €30,000 donation More Stories BETTING WORLD NEWS TVBET to Enter the Montenegro iGaming Market 18 hours ago Iwo Bulski CASINO GAMES Exotic types of online blackjack to play in 2021 18 hours ago Fahad Luyzburg EXPERTS WORLD NEWS Gibraltar to retain importance as gaming hub post-Brexit 3 days ago Iwo Bulski WORLD NEWS Novomatic introduces Lucky Twist Linked Progressive 4 days ago Iwo Bulski CASINO HOT NEWS Richest man in the world, Sheldon Adelson dies 1 week ago Iwo Bulski ONLINE WORLD NEWS Playtech continues to thrive despite the epidemic 1 week ago Iwo Bulski CASINO EXPERTS Which games at online casinos are the hardest to play? 1 week ago Fahad Luyzburg WORLD NEWS Wazdan Announces Partnership With Singular 1 week ago Iwo Bulski CASINO WORLD NEWS Plans for luxury resort in Las Vegas on former Clarion site are underway 2 weeks ago Iwo Bulski CASINO ONLINE Casino games that are not as popular as they ought in Africa 2 weeks ago Mary Ngaruiya ONLINE WORLD NEWS Non-US Gambling Authorities Issued £44m in Fines to Operators in 2020 2 weeks ago Iwo Bulski CASINO EXPERTS The best reasons to play Roulette online! 2 weeks ago Fahad Luyzburg Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.