Macau casinos turned heads in the terrible month of May, winning just over $400 million from gamblers and table games.
According to figures from the local government cited ReutersGambling winnings in May fell 68% year-on-year to 3.3 billion patacas ($400 million). Casinos won 26 billion patacas in May 2019, before the start of Corona virus disease-19 pandemic.
Reuters reports that “hundreds of businesses” have closed down in China’s Special Administrative Region, the only place in the country where casino gambling is legal.
Macau’s government coffers depend on gambling for 80% of its revenue.
“More than 90% of Macau’s visitors usually come from mainland China, which continues to pursue the ‘zero-Corona virus disease“Politics,” he told Reuters.
The former Portuguese colony is home to six casino companies.
At least 8 casinos are expected to close this year due to the economic downturn.
In the past years, Macau was the largest gambling center in the world. because of chinese Corona virus disease-19, Las Vegas overtook Macau again. In April, the last month for gaming revenue data from Nevada, Las Vegas Strip casinos earned nearly $600 million from players.
