Macau Gaming Preview: June Revenue to Show Another Deep Plunge
- Analysts expect revenue to drop by 95% year-on-year this month
- China’s visa, border restrictions continue to derail recovery
Photographer: Billy H.C. Kwok/Bloomberg
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Macau casinos’ June gaming revenue is expected to plunge by more than 90% for the third straight month, as China’s border curbs imposed during the coronavirus outbreak continue to hurt the world’s largest gambling hub. The monthly data will be reported on July 1, according to the Gaming Inspection & Coordination Bureau website.
Sanford C Bernstein (Vitaly Umansky)