Macau Gaming Revenue Jumps 492% to $1.3B for the Month of May

by Natasha Lyndon - Thursday, June 3rd, 2021 1:48

Macau Casino Revenues

The latest monthly data released by the Gaming Inspection and Coordination Bureau of Macau has revealed that the island territory’s gaming revenue for the month of May jumped by 492% year-on-year.

The data shows that gaming revenue beat analysts’ prediction of a 467% jump as Macau’s casinos generated 10.4B Patacas ($1.3B) thanks to a surge in tourists arriving from China during the Golden Week holiday. This marked a 24% increase on the month of April but was still 60% lower than May 2019’s figure of 25.9B Patacas ($3.2B).

Macau’s tourism trade enjoyed a much-needed spike in arrivals with as many as 167,000 visitors arriving on the island for the five-day Golden Week holiday. The average daily visitor arrival jumped by 158% in comparison to the Spring Festival during February. This resulted in an overall 25% increase in arrivals from April. However, the total number of visitors was only 21% of the number that arrived in May 2019 before the pandemic hit. Of the visitors who arrived in Macau during May, 93% were from China.

Gaming revenue outside of Golden Week dropped to just 250M Patacas per day which was 10% lower than in April.

The island territory has ramped up efforts to attract more tourists to its casinos in recent months with a particular focus on visitors from mainland China as both regions have largely contained the virus to date. But new cases of Covid-19 in China has seen uncertainty grow about the industry’s summer revenue.

The latest outbreaks in Hong Kong, Taiwan, and Korea will also reduce the predicted tourism numbers a great deal with some experts worrying that May could have been the best month Macau’s casino industry will see for the next 6 months.

Natasha Lyndon

Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.