Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says

Author: Live Casino Direct
 
Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says
BetOnline

Las Vegas and Macau took big hits during the COVID-19 pandemic. The latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macao.

Macau's gross gaming revenue is 65% below 2019 levels. Las Vegas GGR is up 46% from pre-pandemic 2019. Bank of America analyst Shaun Kelley models fourth-quarter growth of 30% for MGM Resorts International and 15% growth for Caesars Entertainment Inc.

Macau is experiencing sluggish gaming revenues and negative investor sentiment after 10 casino junket officials were recently arrested. WYNN indicated it is exiting immediately and LVS/other operators are likely to dial back substantially.

Draftkings Inc, MGM and Flutter Entmt ADR (OTC:PDYPD) subsidiary FanDuel are the three clear national market share leaders in both OSB handle and iGaming GGR.

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