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The Macau 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.
Bernstein Research has revised down its forecast for Macau's gross gambling revenue in November, given the figures in the month to date remain soft.
The impact of the coronavirus on the industry in Asia has been unprecedented and the pace of reopenings and return of demand remains “vague and uncertain to say the least,” Union Gaming wrote in a note.
Macau has halved its forecast for 2020 gross gambling revenue due to the impact of the Covid-19 pandemic and announced new measures to help local business.
The consensus EBITDA forecasts for 2017 for Macau’s operators now look to be achievable for this year, after targets lacked harmony with gross gaming...