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Macau Casino Revenue Jumps in April
Macau is one of the most popular casino hubs in the world. China was hit hardest during the pandemic, but it has managed to bounce back after a couple of adjustments. April has been a good month for Macau as there has been a rise in the number of tourists.
These are local tourists that have decided to visit their favorite casinos during the week or weekends. The Labor Day holiday also spreads through to May 3rd which is why the casino hotels have been getting lots of reservations.
Lots of Visitors Due to the Labor Day Holiday
As mentioned before, China was hit hardest by the pandemic, and it had to make certain adjustments to survive. The government had to shut down all the casinos even if only one of its visitors or staff was positive for the coronavirus which impacted the casinos and the economy of the region.
The president was reelected and he and his government introduced new legislation for the casinos of the region. Namely, the casinos would get a license if they made some adjustments to their resorts by opening venues that don’t conduct casino operations. The pandemic measures have also been eased up.
Thanks to these changes the casino region of Macau has shown drastic improvement. April alone has shown an increase of 499.9%. It’s also estimated that so far the gaming revenue the reached a staggering amount of $1.8 billion. The Labor Day Holiday which takes 5 days this year has seen various Chinese tourists visit the region.
This year has been a good one so far, but by the end of it, it’s expected the revenue to flatten as international tourists come visiting. Most of the hotels and casinos experience a shortage of staff which is why they’re not operating at full capacity.
However, Macau’s numbers for April are positive and are way up when compared to January 2020. They might be below the revenue for 2019, but dealing with the economic consequences of the pandemic is a long road that China must take.
Macau has bounced back after the pandemic and the numbers in April are looking good. Thanks to the Labor Day Holiday of 5 days, the region is experiencing an influx of visitors from various regions in the country. This is one step in the long journey of recovering China’s economy via the economy of the region.