However, a timeline for implementing the blue health code system remains elusive. It hangs in the balance while other parts of the world are grappling with new variants of the coronavirus.<\/p>\n
Health officials elsewhere are beginning to recommended reinstating certain restrictions to counter the Delta variant (e.g. World Health Organization, Israel, Los Angeles),\u201d<\/strong> said Fitch Ratings in a recent note.<\/p><\/blockquote>\nThe ratings agency estimates Macau will return to 2019 revenue and visitation levels in 2024, lagging Las Vegas and US regional casinos, which are expected to approach pre-pandemic numbers in 2023 and 2022, respectively.<\/p>\n
Macau Greenshoots<\/h2>\n
While average daily revenue this month is off 64 percent relative to July 2019, Bernstein said VIP volume in Macau is up 25 percent from June. That’s an encouraging sign, because for much of this year, analysts expected high-end players to stay away from the SAR, leaving the heavy lifting to mass market gamblers.<\/p>\n
Increasing vibrancy among VIP patrons is a positive for operators such as Melco Resorts & Entertainment and Wynn Resorts, whereas Las Vegas Sands<\/a> is an example of a beneficiary from strong mass market spending.<\/p>\nIf the current GGR pace holds, Macau should see a month-over-month increase of 50 percent, according to the Bernstein analysts.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Following a dismal showing in June, gross gaming revenue (GGR) in Macau is off to a strong start in July, according to analysts. In a note out Monday, research firm Bernstein said GGR in the world’s largest casino center jumped 16 percent in the first 11 days of this month, compared with the last 10 […]<\/p>\n","protected":false},"author":46,"featured_media":179537,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Macau GGR Trending Higher, Could Surge in July, Say Analysts<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n