Macau to reopen after Covid-19 outbreak with gaming revenue at record low; gaming revenue fell 95% in July

Macau residents wearing face masks line up to get tested for the coronavirus disease (COVID-19) in Macau, China July 4, 2022. - Reuters

MACAU, Aug 1 (Bloomberg): Macau’s casinos suffered their worst month ever, with gaming revenue in July plunging to the lowest on record as the city cautiously eases Covid-19 curbs that have hammered the gambling hub.

Gross gaming revenue fell 95% to 398 million patacas (US$49 million), the lowest since records began in 2009, according to the Gaming Inspection & Coordination Bureau. That’s better than analyst expectations for a 97% slump but is still 98% lower than pre-pandemic levels.