{"id":16899,"date":"2021-04-15T16:48:01","date_gmt":"2021-04-15T16:48:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16899"},"modified":"2026-04-23T20:20:52","modified_gmt":"2026-04-23T23:20:52","slug":"macaus-economy-to-rebound-by-53-per-cent-in-2021-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macaus-economy-to-rebound-by-53-per-cent-in-2021-analysts-say","title":{"rendered":"Macau\u2019s economy to rebound by 53 per cent in 2021, analysts say"},"content":{"rendered":"\n

Fitch Ratings Inc. has said that Macau’s economy could rebound after the impact of the Covid-19 pandemic.<\/p>\n\n\n\n\n\n\n\n

Macau.- Fitch Ratings Inc has said that it believes Macau\u2019s economy could rebound by 53 per cent this year. It believes Macau GGR could reach half of pre-Covid-19 levels.<\/p>\n\n\n\n

The forecase comes after a study by\u00a0the University of Macau that predicted the city could see economic growth of up to 33.5 per cent<\/a>\u00a0in 2021.<\/p>\n\n\n\n

According to Fitch Ratings Inc, Macau’s recovery would be helped by\u00a0strong gaming and tourism recovery in the second half of 2021<\/strong>\u00a0if travel restrictions between mainland China and Macau are eased in the months ahead.<\/p>\n\n\n\n

A gradual roll-out of Covid-19 vaccination programmes<\/a>, combined with a quarantine-free travel bubble will also play a key role in Macau\u2019s economic recovery.<\/p>\n\n\n\n

However, Macau chief executive Ho Ian Seng has recently said\u00a0for now there are no plans to relax restrictions on non-resident foreigners<\/strong>\u00a0entering Macau.<\/p>\n\n\n\n

Macau VIP sector down in 21Q1<\/h2>\n\n\n\n

Macau casinos registered a low performance in VIP GGR <\/strong>during the first quarter of the year 2021 at under 20 per cent of pre- Covid-19 levels<\/strong>.<\/p>\n\n\n\n

According to JP Morgan<\/strong>, this was due to supply issues and reforms that impacted Macau’s junket operators<\/a>.<\/p>\n\n\n\n

Macau\u2019s Gaming Inspection and Coordination Bureau (DICJ)\u00a0<\/strong>reported there are now only\u00a085 junkets operating in the Special Administrative Region (SAR)<\/a>.<\/p>\n\n\n\n

Macau’s GGR for 2020 came in at\u00a0MOP60.44bn (US$7.58bn)<\/strong>, down 79 per cent. Taxes on the gaming industry generated MOP29.81bn (US$3.73bn) in revenue<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fitch Ratings Inc. has said that Macau’s economy could rebound after the impact of the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":16900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch Ratings projects Macau's economy to rebound by 53% in 2021, with GGR reaching half of pre-pandemic levels, contingent on eased travel restrictions and vaccination rollouts. Despite this optimistic outlook, the VIP sector underperformed in Q1 2021 due to supply issues and ongoing junket reforms, as the number of licensed junkets significantly decreased.","focusai_entities":"Fitch Ratings Inc., University of Macau, JP Morgan, Ho Ian Seng, Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.75), operator_casino (0.95), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.75)","focusai_suggestions":[{"label":"GGR Recovery Drivers","query":"What specific policy changes or travel restriction easements are anticipated to drive Macau's GGR to 50% of pre-pandemic levels, and what is the projected timeline for these implementations?"},{"label":"Junket Sector Impact","query":"How will the ongoing reforms and reduction in licensed junket operators impact the long-term structure of Macau's VIP gaming segment and its contribution to overall GGR?"}],"footnotes":""},"categories":[157,16338,163],"tags":[23906],"class_list":["post-16899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16899","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=16899"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16899\/revisions"}],"predecessor-version":[{"id":16915,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16899\/revisions\/16915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16900"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}