Gaming

Analysts remain cautious on Macau´s CNY prospects despite resilience in January

Thursday 04 de February 2021 / 07:12

⏱ 1 min read

(Macau).- Gaming analysts remain largely bearish over Macau’s prospects for the upcoming Chinese New Year Holiday, despite the SAR’s casino operators exceeding expectations when GGR figures for January were published Monday.

Analysts remain cautious on Macau´s CNY prospects despite resilience in January

As reported by Inside Asian Gaming, gross gaming revenues for the first month of the year showed slight improvement over December, rising 2.6% sequentially to MOP$8.02 billion – the highest monthly GGR figure in a full year. The 63.7% year-on-year decline exceeded Bloomberg estimates of a 67% fall.

According to figures published by the Gaming Inspection and Coordination Bureau (DICJ) on Monday, January GGR improved by 2.6% versus December – despite being negatively impacted by recent outbreaks of COVID-19 in parts of mainland China that have seen authorities warn against unnecessary travel in the lead-up to Chinese New Year. The figure exceeded expectations, with analysts having estimated a year-on-year decline of around 67% compared with January 2020 GGR of MOP$22.13 billion (US$2.77 billion).

Categoría:Gaming

Tags: Sin tags

País: Macao

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