Macau’s July gambling revenue falls by 94.5 per cent as visa ban amid Covid-19 pandemic thwarts growth in world’s ‘sin capital’

//Macau’s July gambling revenue falls by 94.5 per cent as visa ban amid Covid-19 pandemic thwarts growth in world’s ‘sin capital’

Macau’s July gambling revenue falls by 94.5 per cent as visa ban amid Covid-19 pandemic thwarts growth in world’s ‘sin capital’

Macau gaming revenue plunged by more than 90 per cent for a fourth straight month, as China’s ban on tourist visas continued to deprive the gambling hub of its biggest source of clients.Gross gaming revenue was 1.34 billion patacas (US$168 million) in July, down 94.5 per cent from a year earlier, according to data from the Gaming Inspection & Coordination Bureau. It was in line with the median analyst estimate of a 95 per cent decline and follows a record 97 per cent drop in June.A recovery in…

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By | 2020-08-01T08:22:00+00:00 August 1st, 2020|Business|Comments Off on Macau’s July gambling revenue falls by 94.5 per cent as visa ban amid Covid-19 pandemic thwarts growth in world’s ‘sin capital’