[ET Net News Agency, 25 February 2020] Credit Suisse said Macau's February gross gaming
revenue (GGR) is tracking to drop 90% despite casino reopening. Demand has been weak amid
players' wealth/business disruptions on the coronavirus outbreak, fear of air travel, and
suspension of visa approval (on IVS and group tours).
The research house's checks show that VIP volume is 15% of the normal level. Luck factor
is very volatile due to a small player base. Junket outlook has been cautious with volume
the past few days, showing no trend of ramping post reopening. Mass GGR is only 5% of the
pre-virus level. Casinos are encouraging staff to take time off.
Credit Suisse estimated that March/April GGR may drop 60-80% if the current trend
persists. But it remains positive on Macau's long-term growth. It believes the market has
priced in excessive optimism for the recovery at this level. (KL)
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01128 WYNN MACAU
Nominal 
7.470 +0.150 (+2.049%) Others
25/02/2020 17:37
{I-bank focus}Macau's March/April GGR may drop 60-80% - CS
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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