Macau’s total gaming revenue is forecast to reach US$29 billion this year many kinds of media publicationwhich cites recent data from financial firm Goldman Sachs.
The GGR forecast is equivalent to 82% of annual revenue before the outbreak of the COVID-19 pandemic in early 2020.
Goldman Sachs also predicts that Hong Kong’s gross gaming revenue could grow 14% year-on-year in the second half of this year, reaching $79.4 million per day.
[See more: Macao’s full-year gross gaming revenue could reach nearly US$30 billion]
The financial firm cited a variety of factors for the short-term decline in Macau’s gaming revenue, including an economic recession from April to May and competition from soccer betting on the 2024 European Championship.
Meanwhile, the city’s real estate earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to fall 4% in the second quarter of this year as gross gaming revenue hit a record high in June. lowest Within seven months.
Goldman’s full-year gaming revenue forecast is lower than an earlier forecast by brokerage firm CLSA of $29.8 billion. The Macau government’s forecast is more modest at $26.9 billion.
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