Macau near-term to remain bleak as China lockdowns continue: AnalystsMacau

Gaming industry analysts expect Macau’s near-term to remain bleak as China’s Covid-19 lockdowns and restrictions on travel continue to take their toll on GGR.

Analysts from Bernstein on Tuesday noted Macau’s April 11 to 18 GGR was down 25 percent week on week to MOP75 million, hitting its lowest since September 2020 when China resumed its IVS travel into Macau.

There are over 30 million people in 22 cities in China currently under city-wide lockdowns, according to Bernstein. Inclusive of those under slightly eased lockdown in Shanghai, the number of affected people is closer to 55 million, said the brokerage.

Source: https://agbrief.com/news/macau/19/04/2022/macau-near-term-to-remain-bleak-as-china-lockdowns-continue-analysts/