Macao Gambling Revenue Inches Up 1% in April Versus March
Gross gambling revenue for Macao casinos surged over 1,000% in April compared to the year-ago period, but considering revenue had all but disappeared in 2020, that's not much of an accomplishment.
Compared to March, though, gambling revenue rose just 1% to 8.4 billion patacas (the local Macao currency), equivalent to about $1.05 billion. While not a dramatic improvement, it marks a continued recovery in the market, with year-to-date revenue now about 2.6% higher than last year.
April's revenue tally is 64% below where it stood in 2019, though it's the highest monthly amount since the start of the pandemic.
Source Fool.com
