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Macau’s gaming revenue was virtually wiped out in April as casinos suffered their worst month on record owing to measures put in place to prevent the spread of coronavirus in the tourist-dependent city.
This bucks declines in the broader market and signals investor confidence in the deal, which was announced in December and is being completed alongside a merger with sports betting technology firm SBTech.
In a client note from early April, JPMorgan Chase analyst DS Kim said operators ‚have ample liquidity to survive this unprecedented period of ’near-zero revenue‘ for over a year‘, Bloomberg News reported.
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