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Predicted revenue from gambling and gaming before and after COVID-19 Macao 2020

The gambling industry in Macao suffered from the outbreak of coronavirus in 2020. Macao's projected annual revenue from the gambling and gaming industry decreased from 2.6 trillion to 1.3 trillion Macao patacas. In 2019 Macao generated more than 100 billion Macao patacas in taxes from the gambling industry alone.

COVID-19 impacts on service sector in Macao Macao's economy has endured tremendous losses since the coronavirus lockdown in March 2020. Macao's service sector, which accounted for nearly 95 percent of GDP, tumbled as the government imposed travel restrictions, including a 14-day quarantine and a pause of issuing tourist visas. The number of inbound visitors to Macao from January to July 2020 plunged by 86 percent compared to the same period the year before. Furthermore, the hotel industry also reported a year-on-year loss of nearly 70 percent in occupancy rate.

The road to recovery

Macao's inbound tourism showed signs of rebounding as the travel ban was lifted. The daily number of visitors entering Macao increased from merely hundreds to around 25 thousand as of November 2020. Nevertheless, this number is not comparable to the number of visitors in Macao before the pandemic. Macao reported nearly 40 billion visitor arrivals in 2019 and about three million visitors in January 2020 alone, indicating that the road to a full recovery is still some time away.

Forecasted annual revenue from gambling and gaming industry before and after COVID-19 coronavirus outbreak in Macao in 2020

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Sources

Release date

April 2020

Region

Macau

Survey time period

2020

Supplementary notes

One Macau pataca equals approximately 0.13 U.S. dollars and 0.11 euros (as of November 2020).

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Statistics on "Gambling industry in Macao"

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