Macau casinos were the last place VIP gamblers wanted to be during the second quarter of 2020, according to the latest government statistics.
Figures released Thursday by Macau’s Gaming Inspection & Coordination Bureau (DICJ) show local casino operators generated gaming revenue of just MOP3.23b (US$404.9m), down 95.6% from the same period last year, a comparative golden age that had yet to hear of something called COVID-19.
On a year-to-date basis, total gaming revenue (including lottery, sports and race betting) totaled just under MOP40b, down from MOP150b in the first six months of 2019.
VIP baccarat revenue totaled a mere MOP1.5b in Q1, also down 95.6% year-on-year. Mass market baccarat fell 96.4% to just over MOP1b. Both verticals were also shadows of their Q1 2020 selves, a period that featured around five weeks of pre-COVID activity.