Gambling revenue in Macao fell 94.5% last month year-on-year as low visitor turnout continues to plague the special administrative region.
Reuters reports that the USD162.89 million in revenue made in July was on par with analysts’ expectations. Data released by Macao’s Gaming Inspection and Policy Bureau (DICJ) show gaming revenue has declined year-on-year for 10 consecutive months. For the year-to-date, revenue has dropped by almost 80%.
Although quarantine and border-crossing restrictions between Guangdong and Macao are loosening, the world’s biggest casino hub still has a long road to recovery.
In July, Macao saw around 2,000 daily visitors on average – a significant drop from the 108,000 daily average in 2019.
South China Morning Post reports that analysts are hopeful that tourism visas to Macao could resume this month or September, with the SAR in talks with authorities on the Chinese mainland to resume tourist travel.
In the meantime, tourism has picked up in the island province of Hainan, as Sanya ranked first among Chinese cities in the number of reservations at luxury hotels. According to a report by Chinese travel portal Qunar, Sanya has become a very popular destination among travelers.
[Cover image via Pixabay]