The downward trend in Macau’s gambling gross earnings is unlikely to stop before October, Morgan Stanley analysts predicted.

The company expects 35% losses due to the Coronavirus pandemic, a 16% drop from the previous estimate.

“This reduces our 2020 and 2021 EBITDA estimates by -37% and -18% respectively, due to fixed costs and negative operating leverage,” read a note.

Currently, Macau casinos have been reopened, but the strict border controls and the ongoing ban on Chinese travel groups and the individual visit regime are still evident and lead to a substantial drop in gambling.


iGaming expert - with over 10 years of experience in the retail market in Italy and knowledge of global online gaming. In the past he has worked with the largest national gambling companies and he managed some land-based shops on their behalf. Entrepreneur, investor and enthusiast of difficult challenges, in 2015 he founded The Betting Coach Group, an international news and social marketing agency geared towards sports, esports and gambling companies. He is currently the C.E.O of The Betting Coach and is a consultant for Mr. Dragone collaborates with providers (game developers) and event organizers with the aim of helping them develop networks and business across continents. Passionate about journalism, he is the creator and promoter of iGaming Cafè, the first talk show in Italy, dedicated to companies and delegates from the gaming world.