Macao's gaming industry revenue plunged by 87.8 percent year-on-year in February 2020, the special administrative region (SAR)'s gaming industry watchdog said here on Sunday.
Macao's Gaming Inspection and Coordination Bureau said in its latest report that the gaming revenue was 3.10 billion patacas (about 386.74 million U.S. dollars) in February this year, a drastic decline of 87.8 percent from February 2019.
The accumulated revenue in the first two months of 2020 reached 25.23 billion patacas (about 3.14 billion dollars), also down by 49.9 percent year-on-year.
The current COVID-19 epidemic has aggravated the slide of gaming industry's performance, as the SAR government had tightened the visitor entry policy to curb the spread of the epidemic since late January this year.
Macao's monthly gaming revenue had kept a year-on-year growth for 29 consecutive months since August 2016. But the trend was ended as it recorded a decrease of 5 percent year-on-year in January 2019.
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