💰 UBS Cuts Macau GGR Forecast, Sees 44 Percent Drop

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UBS is revising lower its gross gaming revenue (GGR) forecast for Macau nearly four months after the coronavirus forced a day.


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Macau casino revenue down 93% in May. 1 June Casinos in Macau took in revenue of MOPbn (£m/€m/$m) in May, more than.


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Macao casino's Gross Gaming Revenue (GGR) for June dropped 97% year-on-​year. 1 Jul, Sands says it's reducing staff, Londoner hotel and casino ready in.


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The number of slot machines in operation decreased by per cent quarter-on-​quarter to 7, Macau | 06/01/ Gross revenue from games of chance fell.


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Last week, the Chinese special administrative region banned entry by visitors from mainland China, neighboring Hong Kong and Taiwan who have traveled overseas, following earlier bans on foreign visitors and non-resident workers. All Rights Reserved. Data also provided by. Related Tags. Key Points. Skip Navigation. Markets Pre-Markets U. CNBC Newsletters. We want to hear from you. Bernstein in Hong Kong, who had forecast the March range. News Tips Got a confidential news tip? Sign up for free newsletters and get more CNBC delivered to your inbox. Get In Touch.

Gambling revenue in Macao plunged The March figure of 5. Many expect revenues to keep falling at the same pace, with some even forecasting almost no revenue while the curbs stay. Get this delivered to your inbox, and more info about macau casino revenues 2020 products and services.

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An attendant checks the temperature of a tourist at the entrance to the Galaxy Macau casino and hotel, developed by Galaxy Entertainment Group Ltd. Although casinos were open throughout March after a two-week suspension of operations in February, visit and health restrictions hit revenues, say analysts.