Wednesday, 6 May 2020

Gambling industry in crisis: casinos empty

While many businesses in Australia are doing it tough during the Covid-19 crisis, nowhere is finding business slumping like Macao's casinos.


It is estimated that each casino property is losing about $1 million a day and casino gaming revenue was all but wiped out in April.

The gambling industry brought in just $94 million in gross revenues in April, compared to $3 billion in April 2019.

With income down nearly 97%, it was the worst month on record for the world's top gambling hub.

Casinos in the former Portuguese colony were all closed for two weeks in February but have reopened but travel restrictions have prevented customer from mainland China from visiting, leaving casinos virtually empty.

Casino operator Melco Resorts & Entertainment, which has cut salaries of top executives, told Travel Mole that guest numbers have been 'virtually zero' since reopening in February.

Ironically, Macao has had just 45 confirmed Covid-19 cases, with no deaths.  

4 comments:

  1. Thanks for nice and informative post. This article is really contains lot more information about this topic. If you know more about us go through Matka 420


    ReplyDelete
  2. This post is so informative and makes a piece of very nice information on the topic in my mind. It is the first time I visit your blog, but I was extremely impressed. Keep posting. Visit us on satta matka live

    ReplyDelete
  3. Thank you because you have been willing to share information with us. We will always appreciate all you have done here because I know you are very concerned with us. 918kiss account

    ReplyDelete
  4. Through this post, I know that your good knowledge in playing with all the pieces was very helpful. I notify that this is the first place where I find issues I've been searching for. You have a clever yet attractive way of writing. bola tangkas

    ReplyDelete