{"id":44754,"date":"2021-03-01T07:39:31","date_gmt":"2021-03-01T07:39:31","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=44754"},"modified":"2021-03-01T07:39:31","modified_gmt":"2021-03-01T07:39:31","slug":"macau-february-revenues-down-71-from-last-year","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/macau-february-revenues-down-71-from-last-year\/","title":{"rendered":"Macau February Revenues Down 71% From Last Year"},"content":{"rendered":"

\"\"The Macau<\/a> Gaming Inspection & Coordination Bureau reported that gambling<\/a> figures for February rose 136% compared to the previous year, however this was less than analysts predicted as February 2020 had a 15 day closure because of the outbreak of COVID-19.<\/p>\n

Revenues for February stood at $915 million as gamblers from mainland decided to stay at home following advice from local authorities.<\/p>\n

February is normally a major revenues driver for Macau as it has the Chinese New Year<\/a> (CNY) holiday from the 12th<\/sup> Feb for one week.<\/p>\n

However predictions were for revenues<\/a> to rise some 145% from the previous February and also the monthly figures were 8.9% lower than for January.<\/p>\n

Arrivals from mainland China to Macau recorded a 65% drop from the same period last year and although revenues show a steep rise from February 2019 if you remove the 15 day closure and compare like for like the revenues are down 71% compared to February 2019.<\/p>\n

Macau is still struggling to entice players back but many operators believe the second quarter in Macau will see a return to normality for the world\u2019s largest gambling hub.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Macau Gaming Inspection & Coordination Bureau reported that gambling figures for February rose 136% compared to the previous year, however this was less than analysts predicted as February 2020 had a 15 day closure because of the outbreak of COVID-19. Revenues for February stood at $915 million as gamblers from mainland decided to stay […]<\/p>\n","protected":false},"author":5,"featured_media":36020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,11,8,7],"tags":[],"class_list":["post-44754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-headlines","category-latest","category-macau"],"yoast_head":"\nMacau February Revenues Down 71% From Last Year - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/macau-february-revenues-down-71-from-last-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau February Revenues Down 71% From Last Year - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"The Macau Gaming Inspection & Coordination Bureau reported that gambling figures for February rose 136% compared to the previous year, however this was less than analysts predicted as February 2020 had a 15 day closure because of the outbreak of COVID-19. 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