Macau casino revenue rockets 1,014% in April to MOP8.40bn
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The April revenue was the highest monthly revenue total of 2021 so far, surpassing the MOP8.31bn posted in March by 1.1%, as well as the highest total since January 2020’s MOP22.12bn
For the year to date, revenue in the four months through to the end of April amounted to MOP32.0bn, which is 2.6% ahead of the same point in 2020.
Like all markets around the world, Macau was hit hard by the novel coronavirus (Covid-19) pandemic in 2020, with the jurisdiction facing restrictions on travel and enforced casinos closures as part of efforts to limit spread of the virus.
Total market revenue in 2020 was down 79.3% year-on-year to MOP60.44bn.
A number of major operators in the region saw revenue plummet last year, with Sands China posting a $1.52bn loss for the year after revenue fell by 80.8%. Melco Resorts and Entertainment made a $1.26bn loss as full year revenue dropped by 69.9%.
While Macau’s market has started to reopen, monthly revenue totals continue to fall some way behind the pre-Covid levels. In January 2020, prior to when Covid-19 restrictions came into full effect in Macau, revenue stood at MOP22.13bn for the month.
Last month, Las Vegas Sands said while net revenue was down 15.6% in the first quarter of 2021 to $1.20bn, some $777m of this was attributed to its operations in Macau.
