{"id":15265,"date":"2021-02-26T14:53:29","date_gmt":"2021-02-26T14:53:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=15265"},"modified":"2026-04-23T21:30:24","modified_gmt":"2026-04-24T00:30:24","slug":"macau-to-recover-in-q2-according-to-melco-resorts-ceo","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-to-recover-in-q2-according-to-melco-resorts-ceo","title":{"rendered":"Macau to recover in Q2 according to Melco Resorts CEO"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Melco Resorts chairman and CEO Lawrence Ho said Macau\u2019s casino sector will recover &#8220;hopefully sometime in Q2, maybe the end of Q2&#8221;.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- <strong>Lawrence Ho<\/strong>, chairman and CEO of Melco Resorts and Entertainment, has said he is confident that the city&#8217;s casino sector <strong>will recover during the second quarter<\/strong> of the year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ho highlighted the increase in customer volumes since the end of the Chinese New Year period, which saw <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-rises-7-after-chinese-new-year\" target=\"_blank\"><strong>Macau\u2019s gross gaming revenue increase by 7 per cent<\/strong><\/a><\/em> month-on-month for the<strong> first three weeks of February<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Ho, <strong>the end of pandemic-related travel restrictions between Macau and Mainland China <\/strong>will help the city&#8217;s recovery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ho also stated: \u201cSpeaking to various levels of the government, they are <strong>very proactively talking to China<\/strong> and the relevant bureau in terms of restarting the e-channel<strong> <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-urges-china-to-resume-issuing-digital-visas\" target=\"_blank\">for the [Individual Visit Scheme] visas<\/a><\/em>,<\/strong> restarting group tours.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Authorities in Macau are also hoping that <em><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-expects-between-6-and-10-million-visitors-in-2021\" target=\"_blank\">tourism will bounce back in the short term<\/a><\/strong><\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Melco Resorts chairman and CEO Lawrence Ho said Macau\u2019s casino sector will recover &#8220;hopefully sometime in Q2, maybe the end of Q2&#8221;.<\/p>\n","protected":false},"author":176,"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":"Melco Resorts chairman and CEO Lawrence Ho anticipates Macau's casino sector will recover by Q2 2023, driven by increased customer volumes post-Chinese New Year and a 7% month-on-month GGR rise in early February. This recovery is predicated on the lifting of pandemic-related travel restrictions and active government discussions to reinstate e-channel Individual Visit Scheme (IVS) visas and group tours from Mainland China.","focusai_entities":"Lawrence Ho, Melco Resorts and Entertainment","focusai_location":"Macau, Mainland China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IVS & Group Tour Impact","query":"What is the estimated incremental GGR contribution expected from the full reinstatement of e-channel IVS visas and organized group tours from Mainland China to Macau in Q2 2023?"},{"label":"Competitive Recovery Pace","query":"How does Melco Resorts' projected recovery timeline and GGR performance outlook compare to other Macau concessionaires, and what factors might differentiate their respective rebound trajectories?"}],"footnotes":""},"categories":[28,16338],"tags":[23906,18488],"class_list":["post-15265","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-east-asia-news","tag-macau-casinos","tag-melco-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15265","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=15265"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15265\/revisions"}],"predecessor-version":[{"id":15288,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/15265\/revisions\/15288"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=15265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=15265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=15265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}