Macau casinos report their worst April on record as gross gambling revenue fell more than expected amid coronavirus pandemic

Macau casinos suffered their worst month ever as travel restrictions during the coronavirus pandemic left the world’s biggest gambling hub struggling with few players and a heavy daily burn of cash.Gross gaming revenue plummeted 97 per cent to 754 million patacas (US$95 million) in April from a year earlier, according to data from the Gaming Inspection & Coordination Bureau. That’s the biggest drop on record, surpassing an 88 per cent plunge in February. Analysts were looking for a decline of…

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