Macau GGR up significantly in third week of February: Bernstein

Macau’s gross gambling revenue improved significantly in the third week of February, after a disappointing start to the Chinese New Year, Bernstein Research notes.

The firm said that GGR up to February 21 has been about MOP5.8 billion (US$726 million), which is up about 7 percent from January’s levels. Overall win rates in both the VIP and mass segment has been higher than normal.

Bernstein still expects GGR for the month to be down 70 percent from 2019 levels.