Macau Gambling Economy

In brief

• Macau Gambling Economy Trade
• Macau Gambling

BOTTOM LINE - Macau, the only place where gambling is legal in China, usually sees almost 1 million tourists during the Golden Week holiday. This year the gaming hub may get half that number. In Macau, a special administrative region (SAR) of China known for its gambling industry, more than 80 percent of local revenues are earned by the operation of casinos or gambling-related. The once-booming gambling industry in Macau now confronts an array of obstacles, ranging from restrictive local policies to China’s economic slowdown and crackdown on corruption. Macau gambling revenue has tanked 80% in 2020 due to pandemic The COVID-19 pandemic has hammered gambling revenue in Macau and Las Vegas, while U.S. Mobile betting skyrockets. The COVID-19 pandemic. The recession in Macau will deepen owing to the coronavirus (Covid-19) outbreak, which has severely affected tourist arrivals and gambling expenditure. As a result, we expect real GDP to fall by over 60% on annual average in 2020, with only a marginal recovery setting in by 2021.

The recession in Macau will deepen owing to the coronavirus (Covid-19) outbreak, which has severely affected tourist arrivals and gambling expenditure. As a result, we expect real GDP to fall by over 60% on annual average in 2020, with only a marginal recovery setting in by 2021. The crisis will derail longer-term plans for economic diversification, although the authorities' effective handling of the pandemic from a healthcare perspective will constrain any potential eruption of social unrest.

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Macau Gambling Economy Trade

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