"Analysts predict substantial recovery for Macau's casino market, with Citigroup reporting a promising path for Gross Gaming Revenue. This recovery could also impact the online gaming market positively, leading to better bonuses and services for players. The future of Macau's casinos looks promising, with efforts towards rejuvenation underway."
Analysts Predict Substantial Recovery for Macau's Casino Market
According to recent reports by financial services multinational Citigroup, Macau's Gross Gaming Revenue (GGR) is on the path toward substantial recovery. After being heavily impacted by the global pandemic, the casino industry in Macau is set for a promising turnaround. The projections indicate that the April GGR will reach US$2.3bn, marking recovery to approximately 78 per cent of the levels seen in 2019.
Impact on the Online Gaming Market
While the land-based casino industry is marking improvement, it's anticipated to have a significant impact on online gambling. As CasinoALMA, a leading database for the online casino industry, indicates, increased GGR for land-based casinos often leads to an increase in online players, highlighting that the overall iGaming industry is also gaining traction again.
What Does This Mean for Players?
Whether playing in a physical casino or an online casino, the signs of industry recovery bring good news to players. A healthier industry could mean more lavish bonus deals, enhanced customer support, and improved services overall.
The Future for Macau's Casinos
Are we seeing the beginnings of a new golden age for Macau's casino industry? While it's too early to tell, the efforts toward recovery are promising. CasinoALMA will stay on top of the news, keeping players updated on the state of the industry, and ensuring players have the information they need to make the best decisions in their gaming endeavours.
