Macau revenues drop by 3.4% in 2019 to MOP 292,46

Angola's gambling houses are being legalized

Angola's gambling houses are being legalized

  |  REUTERS/Toru Hanai

Macau's casinos closed 2019 with revenues of MOP 292,46 (about EUR 32.43 billion), a 3.4% decline compared to the previous year, according to official figures released today.

According to data released on the first day of 2020 on the website of the Gambling Inspection and Coordination Bureau (DICJ), Macau's casinos ended December with a 13.7% year-on-year decline - the sharpest of the year.

December revenues totaled MOP 22.84 billion (about EUR 2.53 billion), down nearly EUR 400 million over the same period in 2018.

Casino revenues had reached MOP 302,85 billion (about EUR 33.6 billion) in 2018.

Known as the gambling capital of the world, Macau is the only place in China where casinos are legal. Six concessionaires operate in the territory: Macau Gambling Society, established by tycoon Stanley Ho, Galaxy, Venetian, Melco Resorts, Wynn, and MGM.