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![Cityscape view of Grand Lisboa Casino skyscraper in Macau Island, financial business or entertainment district. Night view taken by drone.Asia travel landmark concept](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1564673501/image_1564673501.jpg?io=getty-c-w750)
a kind of form
Macau's gross gaming revenue rose 79% year-on-year to Pataca 18.5 billion ($2.3 billion) in February, according to data from the Gaming Inspection and Coordination Authority. The timing of Chinese New Year influenced his comparison to a year ago. GGR tally fell below consensus estimate That's about 27% below pre-pandemic levels in 2019. The February GGR mark also decreased by 4% from the GGR increase in January.
Analysts believe China's mass-market consumers may have become more cautious last month, also pointing to pressure on VIPs. Analyst JPMorgan DS Kim said of the latest information, „Demand after the Lunar New Year appears to be a little slower than we had expected.“
In the first two months of this year, Macau's total gaming revenue amounted to MOP37.8 billion, an increase of 72.7% year-on-year.
Macau related casino stocks: Wynn Macau (OTCPK:WYNMF) (OTCPK: Win Me), Wynn Resorts (win), Sands China (OTCPK:SHYY) (OTCPK:SHYF), Las Vegas Sands (New York Stock Exchange:LVS), MGM China (OTCPK:MCHVF),(OTCPK:MCHVY), MGM Resorts (MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF),(OTCPK:SJMHY), Melco Resorts & Entertainment (Nasdaq:M.L.C.O.), Studio City International (MSC).