{"id":250,"date":"2024-06-26T18:17:18","date_gmt":"2024-06-26T15:17:18","guid":{"rendered":"https:\/\/freespinsnodeposituk.icu\/2024\/06\/26\/macaus-gaming-earnings-plunge-to-record-low-in-july\/"},"modified":"2024-06-26T18:17:18","modified_gmt":"2024-06-26T15:17:18","slug":"macaus-gaming-earnings-plunge-to-record-low-in-july","status":"publish","type":"post","link":"https:\/\/freespinsnodeposituk.icu\/2024\/06\/26\/macaus-gaming-earnings-plunge-to-record-low-in-july\/","title":{"rendered":"Macau&#8217;s Gaming Earnings Plunge to Record Low in July"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/snHzny84Gf8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Macaus gaming earnings hit an all-time low in July, as gambling halls were compelled to shut down due to the COVID-19 outbreak in the area, resulting in a substantial drop in land-based casino activity.<\/p>\n<p>The total income for July was 398 million Macau patacas (\u00a340.2 million\/\u20ac48 million\/$49.2 million), a decrease of 95.3% from 8.44 billion Macau patacas in July 2021 and considerably lower than the 24.45 billion Macau patacas in July 2019 before the pandemic.<\/p>\n<p>The July figures also show a decline of 86.0% from June, when casinos were forced to close to comply with local COVID-19 control measures.<\/p>\n<p>For the first seven months of the year, revenue totaled 26.67 billion Macau patacas, down 53.6% from the previous year.<\/p>\n<p>Macau shut down from July 11 to 22, and then extended the closure of all non-essential industries and businesses as the outbreak worsened, trapping many people in various locations around the city, including the Lisboa Hotel Casino.<\/p>\n<p>Casinos and other businesses involved in industrial or commercial activities began to reopen on July 23, but on a limited scale. <\/p>\n<p>Macaus top official, Ho Iat Seng, declared last week that a public bidding process will be held from July 29th to September 14th for six casino licenses that are available.<\/p>\n<p>The revision of Macau&#8217;s gambling legislation, which was adopted in May, streamlines the previous framework of three concessions and three sub-concessions into six concessions, and the public bidding is a consequence of this change.<\/p>\n<p>At present, six operators \u2013 Las Vegas Sands, SJM, MGM, Galaxy Entertainment, MGM China, and Wynn \u2013 are permitted to provide gaming services, with almost no significant distinction between concessions and sub-concessions.<\/p>\n<p>In the meantime, a new committee comprising nine members \u2013 the &#8220;Gaming Lucky Games Concessions Public Tender Committee&#8221; \u2013 has been formed to oversee the tender procedure.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macaus gaming earnings hit an all-time low in July, as gambling halls were compelled to shut down due to the COVID-19 outbreak in the area, resulting in a substantial drop&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macau Gaming Plunges Amidst COVID-19<\/title>\n<meta name=\"description\" content=\"Macau\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freespinsnodeposituk.icu\/2024\/06\/26\/macaus-gaming-earnings-plunge-to-record-low-in-july\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Macau&#039;s Gaming Earnings Plunge to Record Low in July\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Macau\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/freespinsnodeposituk.icu\/2024\/06\/26\/macaus-gaming-earnings-plunge-to-record-low-in-july\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Enjoy Exceptional Casino Entertainment | Licensed &amp; 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