Macau casinos see revenue drop for seventh time in 2019
Friday 06 de December 2019 / 05:52
⏱ 1 min read
(Macau).- Macau casinos saw gaming revenue plunge 8.5 percent in November, according to numbers released by the country’s Gaming Inspection & Coordination Bureau.
The region’s operators generated $2.8 billion in gaming revenue in November. It was the seventh time this year and the second straight month that casinos have experienced a year-over-year decline. With just one month left in the year, Macau is on pace for its first annual revenue reduction since 2016.
Despite a large drop-off, the numbers were still better than analysts were anticipating. According to Bloomberg, the consensus was that there would be a 10 percent decrease year-over-year.
Outside of gambling, the region has seen tough times, which has been the main cause of the down year in Macau. The same reasons have been floated around month after month when looking for explanationsof the, by Macau standards, less than stellar results.
Analysts continue to point to the trade war between China and the United States, a lackluster Chinese economy that has been its most sluggish since the 1990s, escalating protests and outbreaks of violence in Hong Kong and a crackdown on money laundering that has led to the exit of VIP gambling have not been friendly to the casino industry.
There was one reason specific to the November downturn, however. Visa policies to Macau were tightened because of an expected visit to Macau by President Xi Jinping for the 20th anniversary of Portugal giving the region to China making it tougher for tourists to travel.
Through the 11 months of 2019, Macau casinos have won $32.84 billion from gamblers and is still far and away the biggest gambling market on the planet
Categoría:Casino
Tags: Sin tags
País: Macao
Event
SBC Summit Americas 2026
09 de June 2026
Belatra Games Highlights Networking Value at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- Lucila M. Barletta, Head of Accounts LatAm at Belatra Games, shared her insights on the company’s participation at SBC Summit Americas. From strengthening partnerships to exploring new opportunities, she emphasized the importance of both large industry events and smaller networking experiences in driving meaningful business growth.
Friday 03 Jul 2026 / 12:00
Zenith Strengthens LATAM Presence at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In conversation with SoloAzar, Eddie Morales, Zenith's Business Development Manager, shared the company’s objectives at SBC Summit Americas, the opportunities generated, and the outlook on the future of the gaming industry in Latin America.
Friday 03 Jul 2026 / 12:00
LSports LATAM Secures Major Partnerships at SBC Summit Americas 2026
(Fort Lauderdale, SoloAzar Exclusive).- In Q&A after SBC Summit Americas 2026, Fernando Martinez, representative of LSports LATAM, talked about the company’s goals, achievements, and future plans in the region. Martinez shares insights on the evolving dynamics of the Latin American market, the importance of strategic partnerships, and how LSports is positioning itself as a leading data and trading services provider.
Wednesday 01 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
