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Macau gross gaming revenues recovery to take longer than initially planned

News Snapshot:

Global investment bank Credit Suisse Group AG has reportedly again warned that the recovery of the casino industry in Macau could take much longer than earlier anticipated due to the lingering presence of coronavirus-related travel restrictions . According to a report from Inside Asian Gaming, the Zurich-headquartered organization used an official Wednesday note to advise investors that it now anticipates the enclave chalking up aggregated gross gaming revenues for the whole of 2024 of approximately $28.93 billion. The source detailed that this figure would be about 20% below the $36.17 billion seen for 2019 and represent an around 18% diminution…

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