Is the decline in casino business in Macau caused by the epidemic?

1847, in order to increase the sources of tax revenue and realize the diversified development of industrial economy, the Macao government officially legalized gambling. Since then, the number of local casinos and gamblers has been increasing. The increasingly developed gambling industry has gradually become an important pillar of Macao's economy. And macau's casino revenue also surpassed las Vegas in 2006 and reached the top smoothly? The world's number one casino? . As we all know, Macao has always had? Betting on Hong Kong? The local gambling industry has a long history. As early as the opening of Macao in the16th century, bookmakers opened gambling stalls and tables of all sizes to local streets.

However, due to the COVID-19 epidemic, the recent development of Macau's gambling industry seems to be unsatisfactory. Bo enterprises such as Wynn Macau, Sands China Limited, SJM Holdings, MGM China, etc. Directly fell into the quagmire of losses. Although there are few confirmed data in China, that is to say, the sudden epidemic has not spread widely in Macao, there are few locals who go to Vegas to play, and most of them are players from all over the world. Therefore, in the first half of the year, the global epidemic has not been controlled, which still caused a major blow to this city whose main economic source is the export of gambling and tourism services.

Since February 2020, Macau's gambling revenue has almost plummeted. In the following months, the monthly income of Macao's gaming industry was far less than that of 1 month in 2020, and the year-on-year growth rate of monthly income was maintained at around -80%. The year-on-year growth rate from April to June exceeded -90%. With the gradual improvement of the situation in China, if this continues, the business in Las Vegas will really be ruined. Therefore, on June 13, the emergency coordination center of COVID-19, Macao indicated that from June 13, Macao would delete Jing' e province from the list of areas with high virus incidence; At the same time, from 6: 00 a.m. on July 15, the centralized isolation of 14-day medical observation will no longer be implemented for people entering Guangdong Province from Guangdong and Macao ports. Although the restrictions on all mainland urban residents traveling to Macau have been relaxed, the Macau Gaming Supervision and Coordination Bureau stated that all guests entering casinos must provide valid "green" Macau health codes and negative nucleic acid test results from July 15, 2020.