Macau gaming revenue slipped for the third straight month, marking the worst annual decline since 2015 as the world’s largest gambling hub struggled to lure high rollers amid geopolitical Macau has turned the key on its worst year for gambling to date, with casino gross gaming revenue (GGR) plummeting by 79.3% year-over-year in 2020. All of that has been caused by the crippling effects of the pandemic, which forced shut casinos in the absence of Chinese and international tourists who left the city for months. The Wall Street Journal Macau’s annual gambling revenue falls for first time Published: Jan. 2, 2015 at 11:55 a.m. ET Last year gambling revenue in Macau fell 2.6% to 351.5 billion patacas (US$44 billion), government data showed Friday. It was the first decline since a public accounting of such data began in 2002. Gambling in Macau, which was legalized in the 1850s, makes up a large portion of the region’s economy. Revenue from gaming and gambling there exceeded 29 billion U.S. dollars in 2019. Four years after the Chinese government started the crackdown, Macau’s annual gambling revenue has once again surpassed 300 billion patacas, marking the second straight year of gross gaming revenue growth. It is still below 2013’s revenue of 361 billion patacas. In 2014, 2015 and 2016, revenue declined 2.6%, 34.3% and 3.3%, respectively. Gambling Revenues. As mentioned, Macau generates 3 times the gambling revenue as Vegas with gross gaming revenue of $28 billion annually, compared to $6.4 billion generated by Vegas. Vegas does, however, make more in terms of food, drinks and entertainment, Nonetheless, Macau’s 12.12 billion dollars in annual city revenue is not too far behind. Gambling revenue in Macau, the world's biggest gaming hub, fell last year for the first time since casinos were liberalised in 2001, as a Beijing campaign against conspicuous spending by public In the month of November, Macau gaming revenue fell 70.5% to $845.34 million, which was worse than the 65% decline analysts expected, but still looks a lot better than the six straight months of HONG KONG (Reuters) - Gambling revenue in Macau, the world's biggest gaming hub, fell last year for the first time since casinos were liberalised in 2001, as a Beijing campaign against conspicuous spending by public officials led to a decline in wealthy players.
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