Macau weekly GGR rebounds as travel rules eased: Bernstein


Source: ggrasia.com ggrasia.com

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Macau, Top of the deck Macau casino gross gaming revenue (GGR) for the seven days to Sunday (August22)rose by55 percent week-on-week,as travel restrictions weregradually eased, saidbrokerage Sanford C. Bernstein Ltd in a Monday note. Citing channel checks, the institution suggested the average daily rate for the seven days from August16to August22inclusive was MOP120million (US$15.0million) compared to MOP78 million the previous week. “The figure is still significantly constrained due to Covid-related travel slowdown,” linked to the confirmation of Covid-19 cases in Macau on August 3, it said. “The past week’s GGR recovered as the travel impediments caused by Macau’s recent local...