Macau June GGR seen down by mid-50s percent: Bernstein

Macau operators likely to keep licenses, but at higher cost

Macau’s June gross gambling revenue is likely to be down in the mid-50s percent from the same month of 2019 as new clusters in China slow recovery, Bernstein Research said in a note.

The firm said it expects GGR momentum to begin picking up over the summer as impediments to visitation are removed.

For 2021, GGR is expected to be 64 percent of 2019 levels.