In the third quarter of 2023, the province’s GGR was 31% lower than it was in the third quarter of 2019. Many other regulated markets, such as Las Vegas, the Philippines, and Singapore, already surpassed the pre-pandemic revenues. Īccording to AGB, Wang is satisfied with the speed Macau is recovering – however, the conditions, such as lack of land and transportation facilities, in the region are preventing the VIP customers from coming and visiting its numerous casinos.Īt the MGS Summit, where he was the guest speaker, he held a presentation named “Gaming Industry in the Post-Pandemic World and Macau: Trends and Strategies.” The key reason for that is VIP customers – there is enough mass market revenue and average visitors, but it seems the visits of the VIP customers are drastically reduced. The Macau tourism and gambling industries are experiencing these consequences these days.Īccording to the director of the Center for Gaming and Tourism Studies at Macao Polytechnic University, Wang Changbin, it isn’t likely that the gaming industry will recover and get back to the state it was before the pandemic. Latest Casino and Gambling News, Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Macau Covid restrictions changed the way the world is shaped and, even when lifted, left some serious consequences. Betting on sports futures, props and lay bets.
