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Inside Asian Gaming, last month's figure represents a 54.8 percent increase compared to the approximately $75.65 million collected in September, but is nonetheless nearly 91 percent lower than the approximately $1.29 billion accumulated over the same 31 days last year. The source also elaborated that the 10-month recovery aggregated when balanced with the approximately $11.77 billion earned during the same cycle in 2019 amounted to a 74% regional reduction.


Macau is home to some of the world's largest and most famous gambling venues, including SJM Holdings Limited' iconic casino Grand Lisboa and Melco Resorts and Entertainment Limited's $3.2 billion Studio City Macau. All of these operations reportedly require a 35% total game tax on all live dealer tables, game consoles and VIP rooms with a validity rate of approximately 39%.


Despite its popularity among gamblers, the city of about 696,000 has recently struggled to attract foreign visitors due to the implementation of widespread coronavirus-related restrictions that severely restrict travel from Hong Kong and mainland China. As a result, the region's 10-month total gaming revenue is now slightly above $5.74 billion, down about 81.4% year-over-year and could end 2020 at $8.24 billion.


However, while the Macau government reportedly posted a budget surplus of nearly $1.41 billion in the first 10 months of 2020, that figure represents a 76.6 percent drop compared to just over $6 billion during the same period last year.