third quarter operating and financial performance<\/a>. <\/p>\n\n\n\n“To preserve our cash and liquidity, we continue to enforce strong cost control discipline in respect to both operating expenses and capital expenditures.\u201d<\/p>\n\n\n\n
According to Deutsche Bank, industry margins in the latest quarter contracted by 2,570 basis points when compared to pre-pandemic levels while overall revenue was down 70 per cent. <\/p>\n\n\n\n
As regards VIP results, the figure was down 83 per cent<\/strong> when compared to 2019 levels but up 122 per cent year-on-year. Mass-market results <\/strong>were also down 68 per cent from pre-pandemic levels but up 394 per cent when compared to the last year.<\/p>\n","protected":false},"excerpt":{"rendered":"Deutsche Bank has revealed property EBITDA was down 97 per cent when compared to pre-pandemic levels.<\/p>\n","protected":false},"author":176,"featured_media":22524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Deutsche Bank reports a significant decline in Macau casino operators' Q3 economic status, with property EBITDA down 97% from pre-pandemic levels and industry margins contracting by 2,570 basis points. Persistent travel restrictions and a recent COVID-19 outbreak severely impacted GGR, leading to market share shifts among key players. Operators are implementing stringent cost control measures to preserve liquidity amidst the challenging operational environment.","focusai_entities":"Deutsche Bank, Las Vegas Sands, Galaxy Entertainment, Melco Resorts, SJM Holdings, Wynn Resorts, Melco, Lawrence Ho","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Recovery Outlook","query":"What is Deutsche Bank's revised GGR forecast for Macau in 2022, considering the persistent travel restrictions and the Q3 performance data?"},{"label":"Operator Liquidity Strategy","query":"How are the reported cost control measures and capital expenditure reductions by operators like Melco Resorts impacting their long-term strategic investment plans and competitive positioning in Macau?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906],"class_list":["post-24488","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\/24488","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=24488"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24488\/revisions"}],"predecessor-version":[{"id":24509,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24488\/revisions\/24509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22524"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}