Published
Land-BasedCasinoFinancial

Typhoon Mangkhut estimated to have cost Macau casinos $119m

The Macau Statistics and Census Service has estimated Typhoon Mangkhut cost the country's gambling industry MOP 960m ($119m).

Macau

On 15-17  September, casinos in Macau were forced to close due to the typhoon. This was the first time casinos were made to shut their doors since opening in 2002.

The Macau Statistics and Census Service has estimated the damage also caused the rest of Macau losses of around MOP 1.55bn.

The estimate covered economic losses of business, damages to homes, vehicles and public service systems, to name a few.

The government and the six operators of Macau’s casinos agreed to close until the storm had passed. The government has since said it may consider making closures mandatory if and when another storm hits Macau.

Typhoo Mangkhut caused serious flooding and damage to infrastructure, with floodwater levels reaching up to 1.9 metres above road level, while wind speeds hit up to 160 kilometres per hour.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...