las viejas casinoIndustry observers believe the final three months of 2020 will bring an increase in gaming revenue, but not nearly enough to offset the drops endured by Macau operators through the first three quarters.“Profits will inevitably decline faster than the top line, given the rigid cost structure – a maximum 15 percent to 20 percent of operating expenditure is subject to cost containment.Big Cities AffectedAccording to data published by the Macau International Airport, some arriving flights to the peninsula from Asian cities will be scuttled from March 1 through March 28.mgm grand casino locationsIn another blow to Macau’s recovery efforts, 24 airlines are canceling March flights in and out of the peninsula.The aforementioned group includes some of the region’s biggest carriers.JPMorgan said first- and second-quarter earnings reports from Macau operators “will be of little importance, given the virtual lack of earnings” and that a recovery there may not materialize in earnest until the last three months of this year.island resort and casino spa

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