Good morning. Hopes are high for Macau’s recovery, as the new year rang in the new gaming concessions. A scholar is now predicting that 2023 GGR could reach 70 percent of pre-pandemic levels, with expectations that pent-up demand could see a Las Vegas-style recovery. This comes as concessionaires have begun to rent back their gaming space from the Macau government, under the new concessions, at $93 per square meter.

Your Daily Asia Gaming eBrief: Macau scholar: 2023 GGR could reach 70% of 2019

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Macau recovery, GGR, Asia gaming ebrief

Scholar: Macau GGR to reach 70% of pre-pandemic levels in 2023

Macau’s recovery is being strongly anticipated, with a gaming scholar predicting that 2023 gross gaming revenues could reach up to 70 percent of pre-pandemic levels. The rise should be achievable if January (including the Chinese New Year holiday) can sufficiently push up revenues. This could be hampered as various nations have imposed travel requirements, such as NAT testing, for entrants from Macau, Hong Kong and China, as the regions undergo fresh waves of COVID.

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