According to analysts, the potential loosening of visa regulations could positively impact the economy after a flat December<\/p>\n\n\n\n\n\n\n\n
Macau.- After a flat December <\/strong><\/em><\/a>, analysts expect a potential return to growth fuelled by the loosening of visa constraints. A number of investments analysts have noted that Xi Jinping’s visit to Macau<\/strong><\/em><\/a>, which involved tighter controls on mainland resident exit visas for travel to Macau, and tighter local security, caused a drop in demand for gambling activities in Macau throughout the month.<\/p>\n\n\n\n Macau\u2019s December GGR\u00a0slipped 13.7 percent\u00a0year-on-year according to data released on January 1 by the city\u2019s government.<\/p>\n\n\n\n Now, according to Bernstein, Macau GGR for the first five days of the month is estimated to be MOP4.1 billion (US$512.4 million), with MTD ADR at MOP820 million, up 2 percent year-on-year. The loosening of visa constraints, the believe, could be a driver of better results come the end of the month.<\/p>\n\n\n\n \u201cOne key driver of the January result will be how the visa constraints that were in place in November and December are being loosened,\u201d said analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu.<\/p>\n\n\n\n \u201cIf we see continued tight visa controls in place, the GGR impact will be more negative than we currently forecast.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":" According to analysts, the potential loosening of visa regulations could positively impact the economy after a flat December<\/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 December Gross Gaming Revenue (GGR) declined 13.7% year-on-year, primarily due to tightened visa controls during a high-profile visit. However, early January data indicates a potential rebound, with GGR for the first five days up 2% year-on-year, driven by an anticipated loosening of these visa constraints. Analysts are closely monitoring the ongoing adjustments to visa policies as a critical determinant for Macau's near-term gaming market performance and GGR trajectory.","focusai_entities":"Bernstein, Vitaly Umansky, Eunice Lee, Kelsey Zhu, Xi Jinping","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Visa Policy Outlook","query":"What specific changes in mainland resident exit visa policies are anticipated for Macau, and what is the projected timeline for their full implementation and impact on GGR through Q1 2024?"},{"label":"Macau Market Resilience","query":"Beyond visa policy, what other demand-side or supply-side factors are influencing Macau's GGR recovery, and how are operators diversifying their revenue streams to mitigate future policy-driven volatility?"}],"footnotes":""},"categories":[160,16338,163],"tags":[725,257],"class_list":["post-2004","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2004","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=2004"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2004\/revisions"}],"predecessor-version":[{"id":2032,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2004\/revisions\/2032"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}