Macau’s gross gaming revenue (GGR), as JP Morgan’s estimation, reached MOP300m ($37.5m) last week, which indicated a healthy sign.
The improvements in the GGR this April were one of the highest non-holiday readings post Covid-19.
According to Sanford C. Bernstein analysts the improvement was “mainly due to better mass consumer traffic over the weekend and continued high VIP hold”, as reported by Gambling Insider.
Further predictions by Sanford Bernstein’s analysts revel that Macau’s GGR for the full month of April will reach approximately 60% of 2019 figures.
As per Gambling Insider, John DeCree, an analyst for Union Gaming said: “We are taking a more conservative view and assume FY22 aggregate revenue and EBITDA return to 90% and 95% of FY19 levels, respectively. Based on commentary from government officials in Macau, Hong Kong, and China, we may not see a complete reopening until mid-2022, making a full recovery in FY22 difficult to achieve.”