Fitch expects Macau GGR at pre- Covid-19 levels in 2024


Source: ggrasia.com ggrasia.com

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Jul 07, 2021 Tiago Azevedo Latest News, Macau, Top of the deck, World Fitch Ratings Inc says it expects Macau’s gross gaming revenue (GGR) to recover to 2019 levels, i.e., those before the onset of the Covid-19 pandemic, by 2024. Such a scenario “may prove conservative given current trends,” said the institution in a Tuesday report. The reportfocused on U.S.-based casino operator MGM Resorts International, and was issued following the company’s announcement last week that it had reached an agreement to acquire, for nearly US$2.13 billion, the remaining 50 percent stake inCityCenter, in Las Vegas, Nevada. Once the deal is...