Macau reported its lowest monthly revenue on record in July after another novel coronavirus (Covid-19) outbreak in the region forced casinos to close.
This month’s total revenue was 398 million MOP (£ 40.2 million / € 48.0 million / $ 49.2 million), down 95.3% from July 2021’s 8.44 billion MOP, in 2019 before the pandemic. It was well below the 24.45 billion MOP.
July’s figures were down 86.0% from MOP2.48 billion in June this year, before casinos were forced to close in line with local Covid-19 measures.
Revenue for the seven months from the beginning of the year to the end of June was MOP26.67 billion, down 53.6% from last year.
Macau closed first and then extended the shutdown of all non-essential industrial and commercial activities from 11 to 22 July, leaving many people stranded across the city, including the Hotel Lisboa Casino, as the outbreak escalated. Did.
Casinos, along with other businesses engaged in industrial or commercial activity, did not reopen, albeit to a limited extent, until July 23.
A record low month was recorded last week by Macau Chief Executive Ho Yat Seng. Public bidding process for 6 available casino licenses In a process that runs from July 29th to September 14th.
The open tender is the result of reforms to Macau’s gaming law approved in May, replacing the previous system of three concessions and three sub-concessions with a simplified model of six concessions. .
The six operators currently licensed to offer gaming are Las Vegas Sands, SJM, Melco, Galaxy Entertainment, MGM China and Wynn, with little substantive difference between concessions and subconcessions.
To oversee the bidding process, a new nine-member committee, the Public Bidding Committee for Concessions for the Operation of the Casino Game of Fortune, has also been announced.
