Macau Gross gambling revenue (GGR) in March is expected to be down in the low to mid-sixties percent from the same month last year, though visitation is expected to improve in Spring and travel with Hong Kong may resume from Q2, Bernstein Research said in a note.
Macau's gross gambling revenue was down 39.2 percent in February from the prior year period at MOP7.31 billion ($914 million) and was also lower than the MOP8.02 billion recorded in January.
Macau GGR recovery will be driven by premium mass, whilst Cambodia’s gaming recovery will be driven by the VIP segment, according to analysts at Colliers International.
SJM Holdings says it now expects to open its delayed Grand Lisboa Palace on Cotai in the second quarter of this year and is eyeing “selective” opportunities for expansion in Asia.
Macau's gross gambling revenue improved significantly in the third week of February, after a disappointing start to the Chinese New Year, Bernstein Research notes.
Universal Entertainment is planning to test U.S. investor appetite for the Philippines by listing the holding company for its integrated resort business in Manila.
Gross gambling revenue in the Philippines rose 46 percent in Q4 from the prior quarter, though was still sharply down on the year before, according to figures from the Philippine Amusement and Gaming Corp. (PAGCOR).
Genting Singapore stock has been downgraded to "hold" at Maybank as it was unable to match rival Marina Bay Sands in growing its gross gambling revenue in the most recent quarter.
Macau's gross gambling revenue dropped in the first week of February to MOP1.5 billion ($189 million) due to increased travel restrictions in China, according to Bernstein Research.
Macau’s gross gambling revenue dropped 63.7 percent in January, better than analysts had been expecting after renewed Covid-19 clusters on Mainland China slowed visitation later in the month.