Macau's Casino Revenue Plummets Despite Pandemic Recovery Efforts

Macau's casino revenue is struggling to recover from the pandemic, with November 2021 figures showing a 70% decrease from pre-pandemic levels. New travel restrictions and regulations threaten the industry's future.

Macau's November 2021 casino revenue was $834 million, a 55% increase from October 2021 but still 70% lower than November 2019. This drop is significant, as Macau's casino revenue in 2019 showed the worst year-on-year drop since 2016. The industry is facing increased travel restrictions in the region over new variant fears, which are keeping a lid on industry performance. New regulations concerning licenses and day-to-day running also threaten the long-term future of Macau’s casinos. A proposal to install government staff to observe daily operations sits alongside an idea to shorten the validity of all casino licenses, portrays a bleak future for those with money invested in the gambling industry.