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Macau's gambling revenues drop 70.5 percent in Nov

HONG KONG, Dec 1 (Reuters) - 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.

November’s figure of 6.75 billion patacas ($845.34 million), released by Macau’s government on Tuesday, compared to analysts’ expectation of a drop of around 60%-65% percent.

Revenue plunged 72.5% in October and 90% in September.

Gaming revenues have slumped since February due to coronavirus travel restrictions. ($1 = 7.9850 patacas) (Reporting by Donny Kwok; Editing by Kim Coghill)

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