Gaming industry in Macau already achieving better than breakeven results
The local gaming industry is already achieving better than breakeven EBITDA at current revenue levels, analysts with Sanford C. Bernstein indicated in a 2021 gaming industry outlook.
The brokerage had previously informed that the first 10 days of January reported some MOP2.85 billion (US$357 million) in gross gaming revenues, at an average daily rate of MOP285 million, representing a 68 per cent year-on-year fall but a 13 per cent rise when compared to December 2020.
According to Bernstein, a stronger recovery in mass and non-gaming is expected, leading to an increased EBITDA profitability
Read more in Macau Business