Macau’s gambling industry is slowly recovering. Macau’s gaming gross revenue rose by 58% year-on-year to 8.3 billion patacas in March, the highest in a single month since Covid-19 pandemic hit in January 2020, but still slightly worse than market expectations.
The Macau Special Administrative Region government earlier predicted that the gross gaming revenue in 2021 will be 130 billion patacas and the gaming revenue in the first quarter of this year will only reach 18% of the full-year forecast
On April 1, the Macau SAR Government’s Gaming Inspection and Coordination Bureau announced that Macau’s gross gaming revenue in March was 8.306 billion patacas, an increase of 13.5% month-on-month and a year-on-year increase of 58%. This marks a positive increase year-on-year for two consecutive months since September 2019. However, the revenue still recorded a drop of nearly 70% if compared to March 2019.
In the first quarter of this year, Macau’s gross gaming revenue recorded a cumulative total of 23.642 billion patacas, a year-on-year decrease of 22.5%. It also fell by 70% if compared with the same period in 2019.