Gross gaming revenue in Macau trended upward last month, the second consecutive month positive gains were reported.
Melco Resorts & Entertainment improved from the third to the fourth quarter of last year, but will offer senior notes to boost the bottom line.
Analysts with the financial group believe that slower VIP traffic is going to make it more difficult for Macau to see big improvements this year.
December has seen a nominal gain in gross gaming revenue in Macau, but it still isn’t consistently better.
The continuing retreat in the casino industry caused by COVID-19 will have a lasting impact on Macau’s operations.
The city’s gaming activity is off to a very slow start this month.
The past week has seen Macau’s casino operators receiving less action than in the previous days of the month.
The city’s government gives a dim view of its gambling ecosystem for next year as fallout from COVID-19 continues.
Daily gross gaming revenue has increased since October began, but it is still much lower than it was a year ago.
The annual holiday week isn’t giving Macau any significant boost in tourism or revenue.