Macau Gaming Companies Have Enough Cash for A Year

Moody’s the global integrated risk assessment firm said in a recent report that Macau operators have enough cash liquidity to last them a year to meet current operating expenses.
However the firm said that the Asia Pacific region would almost certainly see a drop of 70% in EBITDA for 2020 and that some gaming companies will struggle to meet their dividend payments for this year.
The firm also said that gambling businesses that had already committed to expansion projects would continue to meet these targets costing a total of $20 billion if the COVID-19 virus retreats and business returns to normal.
It also said that 2021 would see modest recovery but expects the current year to remain weak with the restrictions still in place on travel and entry to casinos.