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Big stakes rise in Macau, but far from the usual numbers

Revenue from big bets in Macau amounted to 2.3 billion patacas (379 million euros) in the third quarter, a sharp rise from the previous quarter, but far from the ‘pre covid-19’ figures.

The value of large bets increased by 800 million patacas (131 million euros) compared to the second quarter, according to data released today by the Macau Gaming Inspection and Coordination Bureau.

A number still residual in a territory highly affected by covid-19 due to the impact on tourism from mainland China.

The total raised by 41 Macau casinos in ‘VIP’ bets in the first nine months of the year was 18.7 billion patacas (three billion euros).

In 2019, the ‘VIP’ game earned 135.2 billion patacas (22.3 billion euros).

Macau registered the first case of covid-19 in the territory on January 22nd, and since then, its economy, highly dependent on tourism, has been practically paralyzed, with the authorities looking for the way of domestic consumption to leverage the economy, which in the first half ‘shrank’ 58.2%, compared to the same period of 2019.

The covid-19 pandemic has already claimed more than one million and ninety-three thousand deaths and more than 38.5 million cases of infection worldwide, according to a report made by the French agency AFP.

The disease is transmitted by a new coronavirus detected in late December in Wuhan, a city in central China.

After Europe succeeded China as the center of the pandemic in February, the American continent is now the one with the most confirmed cases and the most deaths.

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