When you sign-up through links on our site, we may earn an affiliate commission. Learn more >

Macau Casinos Report Their Lowest April Gambling Revenue

Written by: Christian Jope
Updated October 14, 2022
8 min read

The coronavirus pandemic has affected gambling across the world and one of the worlds gambling hubs has reported their worst ever losses.

Macau Casinos have suffered their worst ever month as gambling revenue across all platforms and categories has crashed by 97 percent, approximately $95 million USD, compared to April of 2019 according to the Gaming Inspection & Coordination Bureau.

It is the largest drop in gambling revenue on record, overcoming Macau’s 88 percent dive in February of 2020. The 97 percent plunge was three percent more than analysts forecasted.

Coronavirus’ Affects on the Macau Gambling Scene

According to the report, the coronavirus outbreak has been contained in Macau as well as in Hong Kong and mainland China. Unfortunately for Macau casinos, travel restrictions have hobbled revenues and has mad it nearly impossible for tourists and high-stakes clients to attend.

Lawrence Ho, the chairman of Melco Resorts & Entertainment, stated that since reopening the number of customers at Macau casinos and resorts has been “virtually zero”.

Optimism Remains

MGM Resorts International reported that it’s first-quarter revenue from Macau properties has dropped 65 percent due to the coronavirus pandemic. Despite said reported damages to the industry, MGM’s acting CEO Bill Hornbuckle said that he expects Macau casinos to recover this summer.

JPMorgan also wrote regarding casinos:

They have ample liquidity to survive this unprecedented period of ‘near-zero revenue’ for over a year.

Macau has not found any new cases of COVID-19 for a reported 20 days, while president of Las Vegas Sands Rob Goldstein said he expects China to lift limits on travel from mainland China to Macau within a month.

The gaming revenues for Macau’s April is the seventh straight month of falling revenue.

Macau Sports Betting FAQs

What are the most popular sports in Macau?
What are some of the biggest sporting events held in Macau?

Image for Christian Jope


Christian Jope

1489 Articles

Christian Jope is a writer, social media strategist, and data analyst. A Queen’s University Alumni, Christian is an author and social media strategist with Raptors Cage, while also working closely with MLSE and Canada Basketball through community-driven events.

Email: [email protected]

More info on Christian Jope
We've been featured on:
espn logo
reuters logo
cbs-news logo
forbes logo
entrepreneur logo
entrepreneur logo
We only list licensed sportsbooks

© Rebel Penguin ApS 2024 (a subsidiary of Gaming Innovation Group Inc.)

We support responsible gambling. 21+ Only. Gambling problem? Call 1-800-Gambler.

WSN.com is run by iGaming Cloud Inc (a Gaming Innovation Group Subsidiary) and is registered with the New Jersey Division of Gaming Enforcement (DGE) under affiliate vendor ID 89744, with the Indiana Gaming Commission (IGC) under certificate of registration number SWR-000148, approved by the Pennsylvania Gaming Control Board as a gaming service provider, under certificate registration number 117656-1, possesses a Vendor Minor sports betting license from the Colorado Limited Gaming Control Commission (account number 94414163), granted a vendor registration number VR007603-20-001 by the Michigan Gaming Control Board, an interim Sports Wagering Supplier license, under license number SWS 066, issued by the West Virginia Lottery Commission, a sports betting vendor registration, under registration number #100400, issued by the Director of Gaming Licensing and Investigations of the Virginia Lottery to operate in the State of Virginia, and a Vendor Registration issued by the Sports Wagering Committee of the Tennessee Education Lottery Corporation.

Advertising disclosure: WSN contains links to online retailers on its website. When people click on our affiliate links and make purchases, WSN earns a commission from our partners, including ESPN and various sportsbooks.