Macau And Las Vegas Gaming Revenues Are Headed In Opposite Directions: What’s Next?

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest Vegas is bouncing back strong while Macau is still struggling.

The Numbers: Many Americans think of Vegas as the top gambling destination, but Macau’s gross gaming revenue dwarfs Las Vegas. Unfortunately for Macau investors, its gross gaming revenue is still roughly 70% below 2019 levels, according to Bank of America analyst Shaun Kelley. Meanwhile, Las Vegas GGR is up 30% from pre-pandemic 2019 levels, suggesting the worst of the pandemic is now in the rear-view mirror.

Source: https://markets.businessinsider.com/news/stocks/macau-and-las-vegas-gaming-revenues-are-headed-in-opposite-directions-what-s-next-1031027352