Fitch Expects Macau Gdp In 2021 Will Be 35% Of The 2019 Level

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May 25, 2022
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The authoritative rating agency fitch ratings inc expects gross income from the sphere of gambling business (ggr) macau this year will be almost 65% lower the level of 2019, when covid-19 pandemic has not made himself felt. But in the report of the organization it is indicated that this figure by 2022 will be restored by 35%, and to the 2024th will fully play lost positions.

According to statistics, ggr casino macau in 2019 reached the mark of 292.4 billion patac (36.5 billion us dollars). According to fitch analysts, gross income from the gembling industry this year will be approximately 102.4 billion patac.

Note, in april, the rating agency of ggr macau "approximately half" from the levels of "docking anniversary". In parellel with this, the first persons of the considered indicator of the casino industry in 2021 will be 130 billion patac. This is 44.5% bellow the 2019 level. The government claimed that the recovery after a pandemic will require time.

Cumulative ggr casino macau in the first eight months of 2021 reached almost 61.91 billion patac, an increase of 70.1% compared with 36.39 billion, recorded in 2020. However, the result obtained was 68.8% below the data for the first eight months of 2019.

Fitch report was dedicated to the american casino operator las vegas sands corp, mother’s giant giant macau sands china ltd. Under its control there is a major entertainment resort marina bay sands in singapore.

In a memo analysts, fitchted that found a "a slightly faster recovery trajectory" for singapore, "which has a high level of vaccination, use sufficient domestic demand and begins to renew a message worthout quarantine with a certain list of countries".

Recall 888 holdings received the right to purchase european business william hill for $ 2.7 billion.

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