Macau gaming revenue improves in September but still down 87% from pre-pandemic level [Seeking Alpha]
WYNN MACAU LTD UNSP/ADR (WYNMY)
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Source: Seeking Alpha
Macau gaming revenue improves in September but still down 87% from pre-pandemic levelOct. 01, 2022 9:57 AM ETLas Vegas Sands Corp. (LVS)MGMWYNNMLCOWYNMYSCHYYSJMHFGXYEFWYNMFMCHVFMCHVYSCHYFSJMHYMSCBy:Clark SchultzSA News EditorNikadaMacau gross gaming revenue fell 49.6% to $2.96B patacas ($370M) compared to a year ago, according to data from the Gaming Inspection and Coordination Bureau.The September tally was up 35% from the prior month with some COVID restrictionsloosened slightly. However, GGR was still down 87% compared to the pre-pandemic level in 2019.For the year, gross gambling revenue was down 53.1% to $31.9B patacas ($3.99M).Looking ahead, analysts expect the incremental improvement in Macau traffic to continue, although it is unclear when the zero-tolerance COVID policy will be pulled back enough for Mainland and international visitations to recover.Macau casino stocks: Wynn Macau (OTCPK:WYNMFOTCPK:WYNMYOTCPK:SCHYYOTCPK:SCHYFNYSE:OTCPK:MCHVFOTCPK:MCHVYOTCPK:GXYEFOTCPK:SJMHFOT
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