The casinos Macau, also known as the Las Vegas of Asia, has recovered well from the massive corona dip in 2020. Annually Macau attracted millions of visitors who came to Macau to take a chance. Due to the pandemic, visitor numbers collapsed sharply with only a few 10 thousand tourists a month in 2020. However, In 2021, the influx of tourists resumed. The turnover of casinos in Macau will therefore grow by 44% in 2021. However, Macau still has a long way to go to achieve the figures from before the corona crisis.
Macau is a special economic region that falls under the rule of China. Macau is the only region in China where gambling is allowed. These casinos in Macau managed to achieve a small $11 billion turnover in 2021 in 2021, which means that the turnover of casinos in Macau will grow by 44% in 2021. This 11 billion revenue really falls short compared to the $36.5 billion revenue from 2019. Revenue from casinos in Macau in december 2021 amounted to just under a billion dollars. This was an improvement over december 2020. However, 2023 and 2021 are still the two worst revenue from casinos years for Macau since 2006.
At the moment, there are three major American casinos operating in Macau, including the Wynn. Two of the 3 casinos are currently in suspense as their casino license expires in 2023. Although it is expected that it will be extended.
Ho Lat Seng, the General directNZD of the Casino industry in Macau expects the increase in revenue of these US casinos to continue in 2023. The directNZD expects the US casinos vezodiac to be responsible for over $16 billion in revenue in 2023. However, Game analysts at the American Morgan Stanley consider the forecast of 16 billion sales quite optimistic. They estimate a turnover of 15 billion, where it was still more than $36 billion in 2019. So there is still a long way to go for the Casino industry in Macau.
