Asia’s gambling markets – both land-based and online – took major hits in 2020; land-based casinos at the hands of COVID-19 and online casinos at the hands of meddling governments.
Due to its proximity to China, Macau was the first market to demonstrate both the horrors the pandemic would inflict on casino markets as well as the enormous lengths casinos would have to go to ensure customers and staff were protected once casinos reopened.
Unlike most North American casinos, which shut down for months, Macau casinos were closed for only 15 days, but their swift reopening brought anything but a return to normal.
Things hit bottom in June with revenue of only MOP716m, down 97% year-on-year, and while things have improved slightly, mainland Chinese gamblers still need some convincing to make the trek to Macau.