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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

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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