According to gaming operators, expectations for Golden Week remain low compared to last year.<\/p>\n\n\n\n\n\n\n\n
Macau.- Gross gaming revenue (GGR) in the Golden Week, which begins on October 1, may represent only\u00a0\u201c30 to 35 percent\u201d the GGR reported for the holiday period last year. <\/p>\n\n\n\n
That’s the estimate of SJM Holdings CEO,\u00a0Ambrose So Shu Fai. He made the forecast in comments to the Hong Kong Economic Journal.<\/p>\n\n\n\n
Suncity’s Alvin Chau Cheok Wa, meanwhile, said he expects to see only\u00a0\u201c20 per cent to 30 per cent\u201d of 2019 levels due to the impact of border controls and restrictions on entering casinos in Macau.<\/p>\n\n\n\n
He predicted that the gaming industry would have to wait until the Chinese New Year holiday in 2021 to see an “apparent recovery”.<\/p>\n\n\n\n
China\u2019s State Council has designated October 1 to October 8 inclusive as the Golden Week holiday this year. Travellers from mainland China entering Macau will have to present a certificate showing they are free from Covid-19 in order to cross the border.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to gaming operators, expectations for Golden Week remain low compared to last year.<\/p>\n","protected":false},"author":2,"featured_media":10161,"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 Golden Week GGR is projected to be significantly lower than last year, with industry leaders like SJM Holdings and Suncity estimating only 20% to 35% of 2019 levels. This substantial downturn is attributed to stringent COVID-19 border controls and casino entry restrictions, with an apparent recovery not anticipated until Chinese New Year 2021.","focusai_entities":"SJM Holdings, Ambrose So Shu Fai, Suncity, Alvin Chau Cheok Wa, China's State Council","focusai_location":"Macau, Hong Kong, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Strategy?","query":"What specific policy changes or incentives could Macau's government implement to accelerate the recovery of inbound tourism and GGR beyond the projected Chinese New Year 2021 timeline?"},{"label":"Operator Cost Mitigation?","query":"How are Macau's integrated resort operators adjusting their operational cost structures and non-gaming revenue strategies to mitigate the severe GGR contraction during this prolonged recovery period?"}],"footnotes":""},"categories":[160,16338,163],"tags":[12436,257],"class_list":["post-10159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-casinos","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10159","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=10159"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10159\/revisions"}],"predecessor-version":[{"id":10176,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/10159\/revisions\/10176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10161"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=10159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=10159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=10159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}