Macau's April gaming revenues plunge 96.8 percent on coronavirus impact

Reuters

Posted at May 01 2020 04:45 PM

A giant screen shows a public film by the government to promote the prevention of the novel coronavirus disease (COVID-19) following its outbreak, at the MGM Grand Macau resort, in Macau, China March 24, 2020. Choi Chi Chio, Reuters/File

HONG KONG - Gambling revenue in Macau plunged 96.8 percent in April year-on-year, with casinos reeling in the world's biggest casino hub as authorities imposed a raft of measures to keep visitors away to contain the coronavirus outbreak.

April's figure of 754 million patacas ($94.64 million) was more or less in line with analyst expectations of a drop of around 95 percent. 

More details to follow.