More than 40 casinos in Macau reported that their total gaming revenue in April fell by more than 4% year-on-year, hitting a 68-month low of more than $ 19 million.
Quoting official information from Macau's Game Inspection and Coordination Bureau, according to a GGR Asia report, this disappointing result corresponds to a 4% downturn compared to the finishing total of about $ 5428 million last month, 27.1. It shows the lowest since the record of about $ 2020 million in September.
In addition, the figures for April are about 4% below the $ 2 million in February and about 9% below the $ 5987 million in January.
Continued crash
Macau is subordinate to MGM China Holdings Limited, Galaxy Entertainment Group Limited, Melco Resort and Entertainment Limited, SJM Holdings Limited, and local Wynn Macau Limited and Sands China Limited are subordinate to Wynn Resort Limited and Las Vegas Sands, respectively. Operates the largest and most prestigious casino on the planet.
April figures are reported to mean that many of these properties are currently plunging their four-month aggregate total game revenue by 4% year-on-year to sit above $ 25.3 billion.
Pandemic plunge
GGRAsia, many investment analysts say, Macau's casino market will experience a downturn in April, primarily due to continued coronavirus-related travel restrictions on those wishing to enter or leave mainland China. He reported that he had warned that it was likely.
Global investment research firm Sanford C. Bernstein said in a recent note that the number of tourists arriving in former Portuguese outlying areas is the outbreak of infectious diseases in China and the progress of "restricted travel and border control". It is said that he was destined to remain "mostly suppressed" because of the existence of the inside.
Maradi Melancholia
Moving forward, Inside Asia Gaming has published its own report to explain that Macau's short-term aggregated total gaming revenue will probably be severely impacted by last week's epidemic of the coronavirus in the nearby Chinese city of Guangzhou. I used it.
The incident is said to follow a similar fatal illness in Shanghai, despite the fact that 3 million people in Shanghai have been in strict confinement since late March.
Optimistic view
However, Inside Asian Gaming may soon begin to benefit from Macau's total game revenue aggregate as Macau's Coronavirus Control Coordination Center recently relaxed border restrictions for immigrants from neighboring Guangdong Province. It is reported that.
From April 4, the center doubled the validity period for negative coronavirus tests to 20 hours, and four days later it extended it to 2 hours.
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