Macau Revenues Fell 96.8% in April

Macau's casino gaming revenues staggered to unprecedented lows in April, falling 96.8% from last year to just MOP754 million ($95.1 million).

The cratering of numbers is attributed to the Covid-19 pandemic, as all non-residents that came to Macau were made to self-isolate for 14 days on arrival. Visitor numbers also plummeted, as congested areas are being avoided by people. The revenues for the largest-gambling market in the world are down 68% for the year, with January revenues making up 2/3 of what has been hauled in year-to-date.

Macau is almost entirely dependent on gambling in order to create jobs and revenues. This has drawn criticism from the island's head of government, who said it's his goal to diversify the enclave's economy moving forward.

There's no telling how long revenues will be down in Macau, or when visitors will finally be able to start streaming back in.