Global Gambling Meccas Post Latest Gaming Revenue Data
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Casinos in Las Vegas and Macau are recovering from the COVID-19 pandemic.
The Nevada Gaming Control Board revealed the state's revenue report for August. Las Vegas casinos saw $625.6m in revenue for the month, a 97% rise year-on-year and an increase of 20% from pre-pandemic levels in August 2019. Macau casinos struggled to return to the high levels of gross gaming revenue (GGR) experienced prior to COVID-19 pandemic.
Nevada posted three record lows in terms of gaming revenue in 2020. The region has seen an impressive recovery in 2021.
Nevada's gaming revenue reached $1.17 billion in August. It's the sixth month in a row that the state has seen a rise in gaming revenues. The increase is attributed to a rebound of leisure travel and the return of special events and entertainment. Airport passenger figures show a fall of 8% month-on-month.
Macau's casinos closed for two weeks in 2020 due to the COVID-19 pandemic. Restrictions on travel were reintroduced in August. The restrictions ramped up towards the end of September after officials confirmed eight new cases of the virus. Macau’s third-quarter revenue reached MOP18.77bn ($2.34bn), representing a drop of 26% from Q2 2021. Travel restrictions will ease on Friday for the return of Golden Week.
