Chinese New Year Increased Gross Gambling Revenue

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Asian betting companies have conducted several industry audits of the gambling market in Macau and found a significant increase in GGR – the gross income from gambling in casinos. This fact is due to the fact that the celebration of the Chinese New Year this year took place with closed borders due to the pandemic. And many did not go to their families and relatives, as was the case in similar periods of previous years. According to official figures from the Gaming Inspection and Coordination Bureau, gambling in February 2021 brought in approximately one billion dollars in revenue. Which, according to analysts Tianjiao Yu and Vitaly Umansky, corresponds to the GGR level set before the pandemic. Positive dynamics is also expected in post-holiday days. However, experts say that the first half of 2021 will remain quite difficult for the industry. But there are also significant improvements to be seen, with Macau gambling looking to pick up visitors in the second half of the year as authorities predict less travel restrictions. Note that in early March, the mandatory availability of a coronavirus test for casino guests in Macau was canceled by the response and coordination center, meanwhile leaving the rules of distance and sanitary standards.

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