Macau: March GGR to fall 80%, analysts say

Bernstein analysts said any major recovery will largely depend on the lifting of travel restrictions to and from China.

Macau.- March GGR is expected to fall 75 to 80 percent year on year according to analysts from Bernstein as the Macau economy continues to be severely impacted by the Coronavirus outbreak.

The expected decline in GGR has been attributed to a significant drop in visitor numbers due to the temporary halt on IVS and group visas into Macau, and limited flights into Macau and surrounding airports.

However, the situation is improving and Bernstein has highlighted that visitation has been slowly improving since the end of the forced 15 day casino closure period last month. 

“The operators we have spoken with do not see any clarity on the timing of recovery at this time”, Bernstein analysts said, adding that further recovery would largely depend on the lifting of travel restrictions from China.