Monday, August 08, 2022

Bernstein estimates February GGR down 90 percent


Bernstein Research now estimates that with the reopening of most casinos on February 19, Macau’s GGR will be able to reach MOP2.1 billion (US$252 million) for the month.

These results, of course, reflect the 15-day shutdown of the territories’ 41 casinos as well as the collapse in visitation associated with the Covid-19 outbreak in mainland China.

Bernstein noted, “We estimate February to be down 90% and March potentially to be down 80% (assuming no significant improvement in travel). The operators we have spoken with do not see any clarity on timing of recovery at this time.”

They added, “Once the Covid-19 situation stabilizes and outlook on contagion begins to improve, we expect a solid recovery in Macau.”

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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