Gaming analysts considered the gross gaming results for the first month of this year to be better than expected but cautioned the road to full recovery remains slow and bumpy as the pandemic resurges in Mainland China.
Monthly gaming results in Macau reached MOP8 billion (US$1 billion) in January, down 64 per cent year-on-year, but marking a small 2.6 per cent sequential improvement from December, 2020 and the best monthly result since the pandemic started one year ago.
Union Gaming analyst John DeCree stated in a note that while the modest sequential improvement is ‘encouraging’ gaming results are still at only 32 per cent of prior-year levels.
‘With the relaxing of some travel policies and the return of the IVS program, we expected…