Bernstein Research now estimates that with the reopening of most casinos on February 19, Macau’s GGR will be able to reach MOP2.1 billion (US$252 million) for the month.
These results, of course, reflect the 15-day shutdown of the territories’ 41 casinos as well as the collapse in visitation associated with the Covid-19 outbreak in mainland China.
Bernstein noted, “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.”
They added, “Once the Covid-19 situation stabilizes and outlook on contagion begins to improve, we expect a solid recovery in Macau.”