Macau\u2019s<\/a><\/em><\/strong> current woes have largely been laid at the doors of the casinos\u2019 VIP rooms. The VIP revenue is estimated to have fallen by around 25% compared with November 2018 levels with mass falling by between 5% and 7%.<\/p>\n\n\n\nThe main reasons of this fall are the impact of the USA-China trade war, Chinese media criticism of top junket operator Suncity, and the protests in Hong Kong. \u201cIt wasn\u2019t too bad considering that it was in line with seasonally solid 3Qs (MOP$770 million), despite disruptions from significant social unrest in Hong Kong as well as some visa control in Macau SAR towards the end of the month,\u201d JP Morgan\u2019s DS Kim, Jeremy An and Derek Choi said.<\/p>\n\n\n\n
The visa control will extend Macau\u2019s gaming revenue decline in December. Chinese President Xi Jinping is scheduled to visit Macau mid-month for the 20th anniversary of Macau\u2019s handover from Portugal and they imposed temporary restrictions on exit visas for Macau-bound travelers on November 22 that will extend through December 20.<\/p>\n","protected":false},"excerpt":{"rendered":"
It was the second lowest total of the year, but better than expected.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 November GGR registered an 8.5% year-on-year decline to MOP22.9 billion, marking the second lowest monthly total for the year, yet outperforming some analyst projections. The Gaming Inspection and Coordination Bureau (DICJ) attributed this contraction primarily to a significant 25% reduction in VIP revenue, exacerbated by the USA-China trade dispute, public criticism of major junket operator Suncity, and ongoing social unrest in Hong Kong. Further GGR deceleration is anticipated in December due to temporary visa restrictions implemented ahead of President Xi Jinping's visit.","focusai_entities":"Macau\u2019s Gaming Inspection and Coordination Bureau (DICJ), Suncity, JP Morgan, DS Kim, Jeremy An, Derek Choi, Xi Jinping","focusai_location":"Macau, Hong Kong, USA, China, Portugal","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q4 GGR Outlook","query":"What is the revised Q4 2019 GGR forecast for Macau, factoring in the extended visa controls and the persistent geopolitical and social headwinds?"},{"label":"Operator Strategy Shift","query":"How are Macau's integrated resort operators recalibrating their operational and marketing strategies to mitigate the VIP segment's contraction and bolster mass market revenue streams?"}],"footnotes":""},"categories":[160,157,28,16338],"tags":[96,29,257,2054],"class_list":["post-1218","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-business-news","category-casino-news","category-east-asia-news","tag-asia","tag-casino","tag-macau","tag-revenue"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1218","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=1218"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1218\/revisions"}],"predecessor-version":[{"id":1250,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/1218\/revisions\/1250"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=1218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=1218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=1218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}