The six local gaming operators are expected to post a combined loss of more than US$800 million (MOP6.3 billion) in earnings before interest, tax, depreciation and amortisation (EBITDA) for the third quarter of this year, according to a Bloomberg survey of analyst estimates.
After analysing seven brokerages including property Ebitda by Sands China, Wynn Macau, Melco Resorts and MGM China and company EBITDA data from Galaxy Entertainment Group (GEG) and SJM Holdings, Bloomberg states that all concessionaires will likely report negative results for the third quarter.
Local gross gaming revenues have dropped by 82.5 per cent year-on-year to some MOP38.6 billion (US$4.8 billion) between January and September.
Meanwhile, visitation numbers dropped by 87 per cent drop to about 3.2 million between January and August, with tourist numbers failing to pick up significantly following the gradual resumption of the issuing of individual tourist visas for Guangdong and the whole Mainland China in August and September.
