Macau's Casino Revenue Drops 70% in November

Macau, the world's largest casino market, saw a 70.5% year-on-year decrease in gaming revenue in November 2020. The Gaming Inspection and Coordination Bureau published the data, revealing that casinos won $845.34 million from gamblers, the highest figure since the COVID-19 pandemic began.

The $845.34 million figure was lower than the $910 million won in October, but the percentage decrease was slightly better in November. Macau's casino revenue in June 2020 was the lowest of the year at $89.7 million. The Chinese government imposed strict travel restrictions to Macau earlier in 2020. In November 2020, Macau's hotel occupancy rate reached 45% and the average daily number of tourists exceeded 20,600.