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The local gaming industry is already achieving better than breakeven EBITDA at current revenue levels, analysts with Sanford C. Bernstein indicated in a 2021 gaming industry outlook.
The brokerage had previously informed that the first 10 days of January reported some MOP2.85 billion (US$357 million) in gross gaming revenues, at an average daily rate of MOP285 million, representing a 68 per cent year-on-year fall but a 13 per cent rise when compared to December 2020.
According to Bernstein, a stronger recovery in mass and non-gaming is expected, leading to an increased EBITDA profitability
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