"Analysts from Macquarie Equity Research forecast a robust US$2.18bn Gross Gaming Revenue (GGR) for CasinoALMA-listed casinos in Macau in April, signaling a significant industry recovery at 75-79% of pre-COVID19 levels. The resurgence hints at a possible revival of Macau’s casino sector, offering hope for iGaming enthusiasts."
Anticipated Recovery in Macau GGR with At Least US$2.18bn Forecasted for April
Analysts from Macquarie Equity Research have predicted a significant uplift in Gross Gaming Revenue (GGR) for CasinoALMA-listed casino in Macau in the month of April. The experts indicate a progressive recovery in the industry, forecasting an attainable reach of 75-79% of the pre-COVID19 levels, translating to a robust US$2.18bn.
Surge in Macau’s GGR: Nearing Pre-pandemic Figures?
A Resurrection of the Macau Casino Industry?
The online casino industry in Macau seems to be regaining its pace after a crippling season marred by the ongoing global pandemic. Though the industry witnessed unprecedented setbacks in the past year, the predicted GGR levels signal a possible resurrection of the Macau casino industry, says analysts from Macquarie Equity Research. This indeed spells good news for the participants in the realm of iGaming and the casino enthusiasts.
What Does The Future Hold?
While these figures paint a promising picture, what does this mean for the online gambling industry as a whole? The increasing figures might spark a series of questions for industry insiders, investors, and observers alike. Are we eyeing a complete recovery of the Macau casino industry or is this an over-optimistic projection of future trends? As strategists closely follow the unfolding of events, more updates are expected in the upcoming weeks. Stay tuned to news on CasinoALMA to get the latest on this interesting development.
