jul22
Warnings from economists and major financial organizations, including the World Bank, that a global recession is on its way pose little threat to Macau’s casino industry, with any recession impact to be mitigated by COVID recovery, according to brokerage Bernstein.
In a note assessing the impact of a recession on US and Macau operators, Bernstein analysts Vitaly Umansky, Louis Li and Shirley Yang estimate the nationwide impact on GGR in the United States would be in the range of 3% to 11% – the decline limited by a higher reliance on non-gaming and recent cost-restructuring that has operators better placed than in previous recession times.
https://www.asgam.com/index.php/2022/07/06/and-now-for-some-good-news-global-recession-would-have-little-impact-on-macau-gaming/
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