Macau gaming revenue sees yet another 90% drop in September
Friday 02 de October 2020 / 08:12
⏱ 2 min read
(Macau).- Macau’s casinos won $275.59 million in September, marking the sixth straight month with at least a 90 percent year-over-year drop and the 12th consecutive month with a fall of any kind. Analysts were expecting to break this streak, predicting an 85-86 percent tumble.
Gaming operators have been experiencing a serious economic downturn since the spread of coronavirus started in China in February, causing casinos to close for two weeks. Since reopening, the government has implemented visa and travel restrictions that has put a damper on tourism in the former Portuguese colony.
Those restrictions are gradually lessening as China resumed tourist Visas on Sept. 23, but there are rumors that the government will be cracking down on offshore gambling rings, which is causing a rush to withdraw capital from the area, according to a Reuters report.
“This is not millions we are talking about being taken out here, but billions,” said an unnamed casino executive to the news outlet. “We have cash in the bank but with everyone withdrawing, it’s a problem.”
The exodus of cash out of Macau is worrisome because it signals that high-stakes gamblers likely won’t be frequenting the region’s casinos in the immediate future, which spells trouble for any recovery of the gaming market.
The VIP junket sector of the market accounts for roughly 50 percent of all Macau gambling revenue. A junket is a critical aspect of the gambling economy in Macau as they are facilitators to the casinos in the area. They offer free accommodation, travel and other perks, similar to what a casino host would offer in America. Except the junkets work independently from the casino.
Junkets earn a commission from the casino when they bring high rollers to gamble at a property.
Sun City is one of Macau’s largest VIP junkets. Reuters said that hundreds of gamblers began pulling deposits from Sun City over fear that it would be targeted by the Chinese government.
Categoría:Casino
Tags: Sin tags
País: Macao
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
