Analysts raise Feb. GGR target after positive CNY figures

Macau’s February gross gambling revenue is likely to be up 29 percent from January, according to Bernstein Research, which says the forecast is slightly higher than its prior estimates after a positive Chinese New Year.

That figure will still be down 68 percent from 2019 levels and is contingent on the travel situation with China remaining stable.

The firm said that according to its channel checks, average daily revenue from Feb. 1-6 was MOP333 million compared with MOP205 million in January. It was also 60 percent higher than the holiday period last year.

Source: https://agbrief.com/news/07/02/2022/macau-feb-ggr-target-raised-after-positive-cny-figures-bernstein/