Best Month for casinos in Macau
Macau casinos
Macau casinos had their best month in April since the outbreak of the COVID-19 pandemic over a year ago. They had gross sales of MOP8.4 billion ($ 1.05 billion), the highest monthly total for the Chinese Special Administrative Region in 13 months.
Gross sales for Macau casinos are slowly starting to show signs of recovery. The first four months of 2021 will generate increasing optimism in the largest gambling city in the world. In March, it already had sales of $ 1.04 billion and in April it rose 1.1% to $ 1.05 billion.
Compared to April 2020, there was an increase of 1000%, as Macau's borders were virtually closed a year ago due to the COVID-19 outbreak. Incidentally, the gross turnover is still far from the level it was before the COVID-19 pandemic. In April 2019, gross turnover was 64% higher than now.
Macau is recovering after COVID-19
May also promises to be another good month for Macau casinos. The holidays are essential and last weekend was Labor Day, a five-day affair. Travel analysts predicted a flood of visitors to Macau, partly because many people have been in a lockdown for a long time, casino.org said.
Lawrence Ho, CEO of Melco Resorts, which operates the City of Dreams casino resort in Macau, was very optimistic about the release of the Q1 quarterly results:
“We are encouraged by what we have seen in terms of forward bookings. Life is returning to normal in China. ”
Lawrence Ho, CEO of Melco Resorts
Las Vegas Sands CEO Rob Goldstein was also confident with their Q1 figures.
“We continue to have a strong belief in Macau's recovery as the numbers in March were very different from January and February. Obviously, we cannot determine the timing of the full recovery. But it is on the way. ”
Casinos in Canada
While most landbased casinos in Canada are still closed players do seem to find their way to Canadian online Casinos. The biggest casompos will be suspended together with two others of its Ontario’s properties from operations. Shorelines Casino Peterborough and Shorelines Slots at Kawartha Downs were also. It is currently unclear whether both venues will be able to welcome guests any time soon.
Las Vegas Sands CEO Rob Goldstein
Las Vegas Sands will probably change the name soon as since the sale of their Vegas resorts, the company has focused mainly on Asia with Sands Macao, The Londoner Macao, The Venetian Macao, The Plaza Macao, and The Parisian Macao, among others.
Mixed signals from casinos in the rest of the world
In the rest of the world, mixed signals are coming from the casinos. There was wonderful news in Las Vegas, as March was the best month in eight years. For the casinos there was a revenue of no less than $ 1 billion (€ 827 million).
European casinos are still severely affected by the COVID-19 pandemic. This emerged from research by the European Casino Association (ECA) trade association. Most casinos have not been allowed to open their doors for a day in 2021.
