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Travel & Leisure

Macao gambling revenue plummets as COVID leaves tables empty

Operators suffer mounting losses, casino hub battles worst virus outbreak

Macao's landmark Grand Lisboa hotel was put under lockdown after COVID-19 cases were found there on July 6.   © Getty Images

HONG KONG -- Macao's gaming revenue plunged in the first half of the year, and the pain is set to deepen as operators hemorrhage cash while the casino hub battles its worst COVID-19 outbreak.

Turnover at the city's gambling tables dropped nearly 47% on year to MOP26.2 billion ($3.2 billion) between January and June, according to Macao's Gaming Inspection and Coordination Bureau (DICJ), putting full-year revenue on track to come in even lower than the $10.7 billion in 2021 and $7.4 billion in 2020.

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