Macau's gaming and tourism businesses were fueled by China's decision to relax travel restrictions on Chinese citizens wishing to visit Macau. In 2016, Macau's gaming-related taxes accounted for more than 76% of total government revenue. Macau's economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth. Gambling in Macau, which was legalized in the 1850s, makes up a large portion of the region’s economy. Revenue from gaming and gambling there exceeded 29 billion U.S. Dollars in 2019. The world’s largest gaming center, Macau is the only place in China where casinos are legal. The Macanese economy is growing so strongly that the International Monetary Fund is now projecting. Then in Q1 2020, while still struggling to slow down the structural decline stemming from the crackdown on capital flight, Macau’s gambling revenues and therefore the entire economy got hit by the travel restrictions and the shutdown of casinos. GDP collapsed to 54.4 billion pataca. Article content. HONG KONG — Gambling revenue in Macau plunged 70.5 percent in November year-on-year, but the decline was not as severe as in recent months as the world’s biggest casino hub saw a pick up in visitors from its key market – mainland China.

Macau Gambling Economy Trade