News Snapshot:
Gaming | Rigorous HK-Macau travel bubble prompts JP Morgan to scale down GGR forecast Honey Tsang, MDT 511 Views JP Morgan scaled down its gross gaming revenue (GGR) prognosis for the third and fourth quarters of this year to 43% and 58% of pre-pandemic levels, vis-à-vis the earlier prediction of 50% and 66% respectively. The reduction, the brokerage stated, is owing to the “stricter-than-expected” travel bubble measures announced by the two SARs on June 21. In response to the proposed cross-city travel plan, the global investment banking firm said in a statement released yesterday that “we couldn’t help but be...
