News Snapshot:
Sep 13, 2021 Newsdesk Latest News, Macau, Top of the deck Removal of “travel impediments” inbound to Macau, including from places beyond mainland China, “are not likely until next year”, says a Monday note from brokerage Sanford C. Bernstein Ltd. “In the short-term, we expect GGR [gross gaming revenue] improvement to begin in the fourth quarter, but more significant travel impediment removals are not likely until next year,” wrote analysts Vitaly Umansky, Louis Li, and Kelsey Zhu. They added: “We expect September GGR to reach mid-30s of percent of 2019 GGR,” with “October reaching approximately 40 percent of 2019.”...
