Macao Casino with Big Losses

Last year, the Macau casino industry’s tax size was down nearly 74% compared to 2019. The city’s Treasury received only $3.73 billion in 2020, while that amount came close to $14.35 billion at the end of 2019.

At the same time, casinos reported a drop of about 79% in the previous year. Entertainment venues collected about $7.55 billion in 2020, compared to nearly $36 billion in 2019. The similarity of the rate reduction shows the dependence of urban finance from casinos. 경마사이트프로

The most positive of the 2020 trends were in January, November and December. Obstacles to strict lockdown measures and receiving Mainland China’s Individual Visit Plan (IVS) caused significant declines for the rest of the year, with some of the monthly declines reaching 90% year-on-year.

Although Chinese New Year has always been one of the most attractive periods when visiting Macau, the number of players in 2021 is somewhat low. Experts were expecting about 20,000 visitors a day (already a reduced forecast), but the average visitor capacity is below 10,000.

However, experts expect a recovery process, especially after the digital application process for IVF has been activated. At the same time, airport officials were confident that they were prepared for the growing number of flights over time and for the growing flow of tourists.

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