2020

The Macau gaming industry has seen a significant increase in gross gaming revenue for November 2020. This is the first time since the start of the pandemic that the industry has seen such a positive result. According to the Gaming Inspection and Coordination Bureau, the total gross gaming revenue for November was $3.1 billion, which is a year-on-year increase of 58.6%.

The increase in revenue is largely attributed to the easing of travel restrictions between mainland China and Macau. This has allowed more people to visit the city and take part in the gaming activities. In addition, the government has implemented various measures to ensure the safety of visitors, such as temperature checks and social distancing.

The increase in revenue is also due to the fact that Macau has been able to attract high-rollers from mainland China. These high-rollers are willing to spend large amounts of money on gaming activities, which has helped to boost the industry’s revenue.

The positive news for the Macau gaming industry is a welcome sign for the region’s economy. The industry is a major contributor to the local economy, accounting for around 12% of its GDP. It is estimated that the industry will generate around $14 billion in revenue for 2020, which is a significant increase from 2019’s figure of $11 billion.

The increase in revenue is also good news for the local government, as it will help to generate more tax revenue. This will help to fund various projects and initiatives, such as infrastructure development and social welfare programs.

Overall, the Macau gaming industry has seen a significant increase in gross gaming revenue for November 2020. This is a positive sign for the region’s economy and will help to generate more tax revenue for the local government. It is expected that the industry will continue to grow in 2021, as more people are able to travel to Macau and take part in gaming activities.