MGTO<\/em><\/strong>).\u00a0<\/p>\n\n\n\nJP Morgan analysts DS Kim, Derek Choi and Jeremy An said this is still below earlier expectations, which had aimed for daily GGR of MOP$200 million by this juncture.<\/p>\n\n\n\n
They now expect GGR in September to reach 20 per cent of 2019 levels.<\/p>\n\n\n\n
That’s despite Zuhai and Guangdong provinces restarting the individual visit scheme (IVS) travellers usually use to enter Macau. <\/p>\n\n\n\n
They said: “The pace seems slower than what we\u2019ve seen in other re-opened jurisdictions such as Australia, Korea or US regionals, where local demand recovered to 70-100 per cent of pre-Covid-19 levels in a matter of a months.” <\/p>\n\n\n\n
The analysts attribute the trend to the new regulations from China that have tightened control over VIPs’ funds, as well as Covid-19 testing requirements and slower visa processing.<\/p>\n\n\n\n
They said: \u201cWe\u2019d like to think that these are rather transitory and can be resolved gradually in the coming months, but we admit the visibility is low.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
The pace of Macau\u2019s recovery remains slower than that seen in such as Australia, South Korea or US territories.<\/p>\n","protected":false},"author":2,"featured_media":10022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's gross gaming revenue (GGR) and visitation recovery continue to lag behind other Asia Pacific jurisdictions, despite the restart of the individual visit scheme (IVS). JP Morgan analysts attribute this slower pace to tightened Chinese regulations on VIP funds, stringent COVID-19 testing, and protracted visa processing, projecting September GGR at only 20 percent of 2019 levels. The visibility on resolution for these transitory issues remains low.","focusai_entities":"JP Morgan, DS Kim, Derek Choi, Jeremy An, Macau Government Tourism Office","focusai_location":"Macau, Australia, South Korea, US, Zuhai, Guangdong, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Regulatory Impact","query":"What specific policy adjustments or clarifications from Beijing are anticipated to mitigate the current headwinds impacting VIP fund flows and visa processing for Macau's gaming sector?"},{"label":"Operator Strategy","query":"How are Macau's concessionaires recalibrating their operational and marketing strategies to adapt to the slower GGR recovery and the evolving regulatory landscape, particularly concerning the VIP segment?"}],"footnotes":""},"categories":[161,16338,163],"tags":[725,257],"class_list":["post-10019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=10019"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10019\/revisions"}],"predecessor-version":[{"id":777009205,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10019\/revisions\/777009205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10022"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}