Brokerage firm Deutsche Bank has significantly reduced its GGR forecast for Macau’s second quarter, down to $2.96 billion from an earlier estimate of $4.39 billion. 

The firm has already reduced its GGR forecast for Macau for the year from $23.44 billion to $19.29 billion. 

DB said the revisions were based on recent visitation and hotel room supply and occupancy data in February, which was down 23.3 percent and 38.5 percent respectively. 

Macau GGR Forecasts Post March Results (Deutsche Bank)