Casino GGR in Macau was just above US$36.5 billion in full-year 2019, before the health crisis took hold. According to Fitch estimates, the city’s casino GGR would reach about US$12.8 billion this year.
In April, the ratings agency said it expected a recovery in Macau GGR “to about half” of pre- Covid-19 levels.
The Macau government has forecast casino GGR at US$16.25 billion for 2021, 44.5 percent down on 2019 levels, saying that the recovery from the pandemic would “take time”.
Aggregate casino GGR in the first eight months of 2021 stood at nearly US$7.75 billion, an increase of 70.1 percent on the US$4.55 billion achieved in the prior-year period. The result was down 68.8 percent from the first eight months of 2019.
Fitch’s report focused on U.S.-based casino operator Las Vegas Sands Corp, the parent of Macau gaming operator Sands China. The parent group also runs – via a subsidiary – the Marina Bay Sands casino complex in Singapore.
Source: GGR Asia
