Macau GGR Spikes Over 135% In February Vs. Last Year

Bernstein analyst Vitaly Umansky commented that China had been instituting larger-scale lockdowns and urging reduction in travel in January and early February, but this began to ease in latter part of the month. The analyst added that "We expect to see gradually improving travel and GGR figures during the spring. Looking forward we expect to see Hong Kong reopen for Macau travel in the second quarter and for some China visa loosening in the summer.”

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