News Snapshot:
Surprising strength in Chinese luxury spending, an ongoing clampdown on online gambling and limited travel options all bode well for Macau and shares in its operators, Morgan Stanley said. China luxury sales rose 18 percent in October and 13 percent in September, suggesting strong pent up demand, it said. COMPANIES Macau August GGR drops 94.5% despite uptick in visitors September 1, 2020 Macau’s gross gambling revenue plunged 94.5 percent in August, the fifth straight month of a more than 90 percent decline, even though visitation has begun to improve. Macau VIP results down 35% in 19Q4: MS January 14, 2020...
