
Adani Crisis Drags On; China’s Reopening
The Credit Edge by Bloomberg Intelligence
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What's Going on With Macau's GGL?
Macau's gross gaming revenue recovering. During the GGL during Chinese New Year, it will be around to 60% of 2019 level. And so for our BIT, we actually revise our gross gaming revenue forecast for Macau this year to 52% of pre-pandemic level compared to our previous forecast of 42%. But previously we thought there could be like some, maybe the COVID cases were spike and it will, it will slow down the recovery, but actually it's not. People are, I guess the pen of demand is just so huge, you know, from China. So we do see Macau recover quite nicely.
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