Wednesday, August 10, 2022

Three months to recover from coronavirus economic impact: MGEMA


A Macau gaming industry trade group says it expects at least three months for the gaming industry to recover from the economic impact of the coronavirus. 

The forecast was made in a note from the Macau Gaming and Equipment Manufacturers Association (MGEMA), sent on Sunday to its members and associates. 

Macau’s 41 casinos were ordered to close as of midnight on Feb - a temporary closure which is set to last until Feb 19 - unless extended. 

It is expected that Macau’s GGR will fall 75 percent in February, and shave at least six percent off GGR for the full year 2020. 

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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