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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. casino bar 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. Earlier this month, the government projected a 50 percent drop in 2020 GGR because of the COVID-19 outbreak. Harrah S Casino Hotel New Orleans Pcjo GGR there fell by a record 87. online casino 300 welcome bonus doubledown casino reviews 9 percent in February amid a 15-day government-enforced casino closure, and analystpechanga casino discount codes are expecting the March number to decline 75 percent to 80 percent on a year-over-year basis. nearest casino in kennewick 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. lucky tiger casino codes 2021 admiral casino cambridge 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.

Those protocols were implemented as a means of stemming the spread of the coronavirus. casino near me jacksonville fl It’s a gambit that initially proved effective, as Macau went almost 40 days without a new reported case of the respiratory illness. However, earlier this month, three new cases emerged in a matter of days, prompting authorities there to ban all travelers from Europe from entering the