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Time to get tested, time to get treated,” Murren concluded. Macau’s faltering gross gaming revenue (GGR) will maintain that downward trajectory at least until October. But a significant 2021 rebound could be in store for the world’s largest gaming center, according to Morgan Stanley analysts. As expected, Macau GGR will tumble this year. But Morgan Stanley sees a big rebound in 2021. (Image: CNN)With visitation still at trickle levels amid the coronavirus pandemic, analysts aren’t being shy about slashing monthly and annual Macau GGR forecasts. roulette casinos in california In a new report, Morgan Stanley said it expects gaming turnover on the peninsula will plunge 35 percent this year, more than double the bank’s previous estimate of a 16 percent contraction.

This drives down our 2020 and 2021 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates by -37 percent and -18 percent, respectively, due to fixed costs and negative operating leverage,” said the bank. free online slots for ipad no download Online Gambling Using Bitcoin Xdzk Denmark Earlier this month, the government projected a 50 percent drop in 2020 GGR because of the COVID-19 outbreak. where is thunder valley casino GGR there fell by a record 87. 9 percent in February amid a 15-day government-enforced casino closure, and analystraging bull casino payout emails are expecting the March number to decline 75 percent to 80 percent on a year-over-year basis. Slow Road BackNearly all of Macau’s roughly 40 casinos are currently operational – a few are being used as quarantine centers for screening and treating coronavirus patients – but the Special Administrative Region (SAR) is still enduring strict restrictions. Some of those controls, including limiting visitors to Chinese, Hong Kong, and Taiwanese nationals, are self-imposed. However, Beijing’s freeze on the individual visit scheme (IVS) remains in place, hampering Macau’s ability to lure gamblers from mainland China, the SAR’s most important market. paragon casino arcade hours

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