After the recent border reopening in China, Macau casinos have reported increased visitation boosting revenue. Last week casinos showed an increased in gross gaming revenue (GGR) of 120% for $10 million, doubling the prior week of $4.5 million. There is still a ways to go for Macau to get back to their pre-Covid levels but it is a good start for China gaming stocks such as, Las Vegas Sands (LVS), Melco Resorts & Entertainment Ltd (MLCO), and Wynn Resorts (WYNN).
Macau Gaming Revenue Up After Reopening
August 16, 2022