Gambling revenue in Macau fell to $459 million in March
The sharp downturn is attributed to the reintroduction of restrictions due to a resurgence of the pandemic in the region, which has significantly impacted tourist numbers. Additionally, land-based casinos have been forced to limit their clientele to comply with social distancing measures. As a result, attendance at gaming establishments fell by 23% in the first two weeks of March compared to the same period in February.
The Gaming Inspection and Coordination Bureau has indicated that no recovery in gambling revenue is expected for April, as anti-COVID measures will remain in place, continuing to restrict the number of visitors allowed in casinos.
However, this is not the only challenge facing gaming operators. Authorities in the region are actively reviewing gambling legislation, with plans to tighten regulations and initiate a licensing overhaul for all land-based casinos. Operators will need to undergo a series of rigorous checks to maintain their operations in the area.
These measures are part of the government's strategy to promote family tourism in Macau, which includes plans to develop new entertainment complexes. Over time, this could lead to the region transitioning away from being China's gambling hub.
In related news, gaming provider Play’n GO has secured a B2C license from the Gibraltar regulator, enabling it to enter new markets and forge partnerships with major online operators.
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