Participants in the survey, which involved seven brokerages, estimated that Macau’s seven casino operators will most likely report negative EBITDA for Q3.

The largest year-on-year decline in company EBITDA is expected to be reported by SJM Holdings, with the operator expected to report a fall in the region of 171%. Meanwhile, in terms of property EBITDA, MGM China and Wynn Macau are expected to see drops of 150% and 144%, respectively.

For six months, revenue for Macau’s casino industry has fallen 90% from 2019 levels as the region struggles to overcome limits imposed by the COVID-19 pandemic.

Although a travel bubble has been created to allow visitors to reach Macau, visitor arrivals during the Golden Week holiday were still down 84% year-on-year.

Earlier this week, Macau’s Government Tourism Office predicted a 90% decline in visitor numbers for the entire of 2020. The region has already seen an 87% drop in visitors for the first eight months of the year.