Operators saw a small recovery in October but mainly in the\u00a0premium mass segment.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Financial analysts believe there will be growth in visitation to Macau from travellers that avoided Golden Week in October but VIP business will continue recovering at a very slow pace.<\/p>\n\n\n\n
A note by Jefferies said: “We believe the gradual recovery is due to pent-up demand from patrons avoiding [Macao] during Golden Week.<\/p>\n\n\n\n
“The VIP business remains challenged due to liquidity pressures, and we therefore expect a slow and gradual recovery.”\u00a0<\/p>\n\n\n\n
All major casinos reported a rise in visitation in October beyond Golden Week. This resulted in a 72.5 per cent drop<\/a><\/em><\/strong> in the month’s gross gaming revenues year-on-year<\/a><\/em><\/strong> after a semester with falls of over 90 per cent each month.\u00a0\u00a0<\/p>\n\n\n\n However, S&P Global said that reaching pre-pandemic levels will take some time as yet.<\/p>\n\n\n\n Analysts said despite the lifting of travel restrictions from the mainland,\u00a0“the industry is set for a slow recovery, mainly due to the requirement for a negative Covid-19 test and the lengthy processing period for tourist visas.\u201d <\/p>\n\n\n\n The only visitors allowed are those arriving from China, and they must not have visited a foreign country within 14 days.\u00a0<\/p>\n\n\n\n So far, operators saw a recovery in the premium mass segment, defined as wealthy middle-class individuals placing big bets. This segment is crucial to driving a recovery with the gradual easing of visa backlogs.<\/p>\n","protected":false},"excerpt":{"rendered":" Operators saw a small recovery in October but mainly in the\u00a0premium mass segment.<\/p>\n","protected":false},"author":2,"featured_media":11752,"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 gaming market experienced a modest recovery in October, primarily driven by the premium mass segment, despite a 72.5% year-on-year GGR decline. Financial analysts attribute this to pent-up demand post-Golden Week, though VIP business recovery remains slow due to liquidity pressures and ongoing travel restrictions impacting overall visitation.","focusai_entities":"Jefferies, S&P Global","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Premium Mass Sustainability?","query":"What is the projected sustainability of the premium mass segment's recovery in Macau, considering ongoing travel restrictions and visa processing bottlenecks?"},{"label":"VIP Segment Outlook?","query":"How do current liquidity pressures and the slow recovery of the VIP segment impact the long-term GGR forecasts and capital allocation strategies for Macau operators?"}],"footnotes":""},"categories":[157,161,16338,158],"tags":[725,257],"class_list":["post-11750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-daily-news","category-east-asia-news","category-slider-home","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11750","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=11750"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11750\/revisions"}],"predecessor-version":[{"id":11754,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11750\/revisions\/11754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11752"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}