Macau: GGR plunges 90% in February

MaMacau’s GGR will reach MOP2.1 billion (US$252 million) for the month amid the on-going Coronavirus crisis.

Macau.- Macau GGR will be down 90% in February as a result of the 15-day casino closure and the ongoing Coronavirus crisis, according to Bernstein Research.

Analysts estimates that with the reopening of most casinos on February 20, Macau’s GGR will reach MOP2.1 billion (US$252 million) for the month.

“We estimate February to be down 90% and March potentially to be down 80% (assuming no significant improvement in travel). The operators we have spoken with do not see any clarity on timing of recovery at this time,” Bernstein Research analysts said in a note.

“Once the Covid-19 situation stabilizes and outlook on contagion begins to improve, we expect a solid recovery in Macau,” they added.