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Macau records massive revenue increase for May

| By Nosa Omoigui
Macau recorded revenue figures of MOP10.45bn (€1.0bn/£920m/$1.3bn) for the month of May, representing a 492.2% increase on the same time in the previous year. as it continued its recovery

The MOP10.4n gross gaming revenue figure is also a 23.8% increase on the MOP8.40bn generated in the previous month.

This takes the country’s cumulative revenue for the year to MOP42.49bn. This is up 28.7% from the same point in 2020.

Part of the reason for the month-on-month revenue increase is down to the lifting of travel restrictions from mainland China back in February. The year-on-year increase, meanwhile, came from a very low base as the region instituted strict entry requirements because of the novel coronavirus (Covid-19) pandemic in May 2020.

These figures remain a long way below pre-Covid figures, however. Revenue for the month was down 59.8% from May 2019. Revenue for the year was down 66.2%.

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