May 1, 2020 / 5:06 AM / a month ago

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

FILE PHOTO: A general view shows the Venetian Macao casino and hotel, following the coronavirus outbreak in Macau, China February 5, 2020. REUTERS/Tyrone Siu

HONG KONG (Reuters) - Gambling revenue in Macau plunged 96.8% 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%.

Reporting by Donny Kwok; Writing by Farah Master; Editing by Muralikumar Anantharaman

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