{"id":23488,"date":"2021-10-13T10:21:18","date_gmt":"2021-10-13T13:21:18","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23488"},"modified":"2026-04-23T14:51:49","modified_gmt":"2026-04-23T17:51:49","slug":"macaus-gaming-market-may-not-recover-until-2025-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macaus-gaming-market-may-not-recover-until-2025-analysts-say","title":{"rendered":"Macau’s gaming market may not recover until 2025, analysts say"},"content":{"rendered":"\n

Analysts at Sanford C. Bernstein predict Macau’s gaming market will return to pre-pandemic levels by 2025.<\/p>\n\n\n\n\n\n\n\n

Macau.- The road to recovery for the gaming industry in Macau has a long way to go, with analysts now predicting that gross gaming revenue may not return to pre-pandemic levels until 2025<\/strong>.<\/p>\n\n\n\n

Analysts at Sanford C. Bernstein<\/strong> predict that Macau’s GGR will reach 87 per cent of 2019 levels in 2023 and 106 per cent by 2025. <\/p>\n\n\n\n

While mass-market results are expected to arrive at 144 per cent of 2019 levels by 2025<\/strong>, VIP results are assessed to just recover to around 46 per cent, as the segment \u2018fades away\u2019. <\/p>\n\n\n\n

Analysts recently forecast<\/a> that GGR for 2021 as a whole will be down 69 per cent from pre-pandemic levels <\/strong>but up 51 per cent when compared to 2020 figures.<\/p>\n\n\n\n

They said: “At this point, we expect GGR improvement in November\/December, but do not expect opening up of Hong Kong or easing China visas until next spring and summer.”<\/p>\n\n\n\n

The new outbreak of Covid-19 cases<\/a> had a deep impact on the highly anticipated October Golden Week. Data from the Public Security Police show that daily average visitors to Macau during the holiday period<\/a> was down 93.7 per cent <\/strong>compared with last year. <\/p>\n\n\n\n

Macau gaming operators expected to report EDITBA loss in Q3<\/h2>\n\n\n\n

Analysts at Morgan Stanley<\/a> expect the six gaming operators in Macau to report a total of US$23m<\/strong> in negative industry corporate earnings before interest, taxes, depreciation, and amortization (EBITDA) for the third quarter of 2021 due to Covid-19 cases in Macau in August and September.<\/p>\n\n\n\n

The numbers would represent a 108 per cent drop from the previous quarter <\/strong>but only 1 per cent decrease from the same three months period of last year.<\/p>\n\n\n\n

Morgan Stanley expected Macau industry EBITDA estimates \u201cto decline another 40 per cent to 50 per cent as consensus does not yet appear to reflect recent Covid outbreaks in August and late September, which negatively affected October Golden Week<\/a>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts at Sanford C. Bernstein predict Macau’s gaming market will return to pre-pandemic levels by 2025.<\/p>\n","protected":false},"author":176,"featured_media":16923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Analysts predict Macau's Gross Gaming Revenue (GGR) will return to pre-pandemic levels by 2025, primarily driven by a robust mass-market recovery, while the VIP segment is expected to significantly decline. Recent Covid-19 outbreaks have severely impacted Q3 2021 performance, leading to projected negative EBITDA for Macau's gaming operators.","focusai_entities":"Sanford C. Bernstein, Morgan Stanley, Public Security Police","focusai_location":"Macau, Hong Kong, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery Drivers","query":"What specific policy changes or market catalysts are anticipated to accelerate Macau's GGR recovery to 2019 levels by 2025, particularly concerning the mass-market segment's projected outperformance?"},{"label":"VIP Segment Strategy","query":"Given the projected decline of the VIP segment to 46% of 2019 levels, what strategic adjustments are Macau operators implementing to mitigate this revenue erosion and reallocate resources towards the burgeoning mass-market gaming verticals?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-23488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23488","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=23488"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23488\/revisions"}],"predecessor-version":[{"id":23524,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23488\/revisions\/23524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16923"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}