Macau gambling revenue to rebound from low base

Business | 20 Apr 2021 4:47 pm

Gross gambling revenue in Macau is forecast to rise by 200 percent in 2021 from a low base a year ago, which is equivalent to about 65 percent of the pre-pandemic 2019 levels.

"We expect Macau GGR to extend its positive recovery trajectory sequentially in the coming quarters, and we think vaccinations will likely support further policy lifts, such as travel bubbles and easing of coronavirus test requirements. In addition, we remain upbeat for the coming May 'Golden Week,' and believe both mainland China and Macau governments will take more efforts to support tourism," Morningstar said.

 



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