Three months to recover from coronavirus economic impact: MGEMA

A Macau gaming industry trade group says it expects at least three months for the gaming industry to recover from the economic impact of the coronavirus. 

The forecast was made in a note from the Macau Gaming and Equipment Manufacturers Association (MGEMA), sent on Sunday to its members and associates. 

Macau’s 41 casinos were ordered to close as of midnight on Feb – a temporary closure which is set to last until Feb 19 – unless extended. 

It is expected that Macau’s GGR will fall 75 percent in February, and shave at least six percent off GGR for the full year 2020.