Summit Ascent Holdings, the operator of the Tigre de Cristal, said slot handle in the two and a half months of the quarter its resort was open exceeded pre-pandemic levels at 103 percent, while mass drop was 96 percent of pre-closure levels. VIP was affected by closed borders.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.