Macau
It is expected that the third quarter reports by Macau operators in the coming weeks will show a combined loss of $800 million according to a Bloomberg survey of analysts with the quarter for many ending 30th September.
The six operators in the tiny enclave which is the world’s largest gambling hub will show negative results according to the brokerage firm, it will be of no surprise given that for six straight month they have reported seeing 90%+ revenue falls from the impact of the COVID-19 pandemic.
With China now slowly lifting restrictions on travel for its residents there is a slow recovery on the way but sadly will not be in time to save the entire year which is expected to see at least falls of 84% in total revenues for the year.
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