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paragon casino resorton Tuesday, March 17, 2020 as a precautionary measure against the ongoing spread of COVID-19.JPMorgan’s estimate jibes with one released earlier this month by brokerage house Bernstein, which said Macau’s GGR likely slid almost 80 percent year-over-year through the first eight days of March.ncessionaires in the world’s largest gaming center likely generated a combined 6.Those dour forecasts come after gaming turnover in the Special Administrative Region (SAR) plunged by a record 88 percent in February following a 15-day gaming property closure because of the COVID-19 outbreak.“While we embrace near-term concerns on horrid GGR trends and sell-side earnings cuts, we believe most of the cuts will be done by next month (post-March GGR, plus possible resumption of Macau IVS), after which we expect these stocks to grind higher on ‘less bad’ trends and normalizing multiples,” said analysts at the bank.2 million in turnover, down 75 percent to 80 percent on a year-over-year basis, according to JPMorgan Securities.brian christopher slots app