According to data published by Gaming Inspection & Coordination, casinos in the former Portuguese colony won 1.1 billion dollars in a month from players. These numbers represent a huge 1.054% increase year over year.
This is the third month with a revenue spike after operators posted a 58% gain in March, but analysts Bloomberg predicted a much larger increase in April. However, they expect a huge increase in revenues as global travel becomes easier.
In April 2020, Macau's casino market was facing a difficult time as the region was in the middle of a struggle COVID - 19th pandemic.
The market is likely to continue to grow throughout the rest of the year as year-on-year comparisons will always be directed against a stifled market as the government has deliberately hampered travel to mitigate the spread of the virus.
Officials continue to hamper domestic travel to some extent, forcing potential continental visitors to do more to obtain a visa and prove negative outcome COVID-19 test to go to Macau.
A year ago, Macao casinos recorded less than $ 58 million in gross gaming income. It was the worst month in the history of the region.
Operators continued to underperform in April 2019 figures when the market was in full swing. The numbers have dropped 65% compared to the same period two years ago.
There are optimistic signals regarding the immediate future of the Macao market. According to Bloomberg Daily visitor arrivals continued their upward trend in April and are at their highest point since the start of the pandemic.
The industry has another sign of inflated revenues in the near future, with the Golden Week holiday falling in May. Several major casino companies said in their earnings interviews that they anticipated high numbers during the holiday season.