Fitch Ratings has noted that China\u2019s zero-Covid policy continues to affect countries that are heavily dependant on Chinese visitors.<\/p>\n\n\n\n\n\n\n\n
Macau.- According to\u00a0Fitch Ratings<\/strong>, casinos that are heavily dependant on Chinese visitors are facing economic issues while those in countries that have adopted policies to “live with Covid-19” have seen performance improve. Analysts noted that countries such as the United States had seen “revenues fully recover in the second half.”<\/p>\n\n\n\n However, Fitch believes a recovery in gaming revenues for Asia Pacific casinos will not come in 2023 or 2024<\/strong>\u00a0due to strict health codes in some countries.<\/p>\n\n\n\n Other countries that are increasing their vaccination rates are Singapore and\u00a0Malaysia<\/a>, which are also opening their borders to let the tourism and gaming industries recover. However, China continues to maintain a zero-Covid policy<\/strong>. <\/p>\n\n\n\n Macau has also stuck to this rule and in the last months carried out three mass testings after\u00a0detecting local cases<\/a>. China tightened rules for travel between mainland and Macau leading to\u00a0a decline in the city’s GGR<\/strong>. In October, Macau saw\u00a0the lowest monthly GGR of 2021<\/a>, down 25.8 per cent month-on-month and 40 per cent year-on-year.<\/p>\n\n\n\n Analysts added the revision of Macau’s gaming law also poses challenges for the future as it’s unknown if current\u00a0casino licences will be renewed<\/a>. Macau\u2019s current casino licences are due to expire in June 2022.<\/p>\n\n\n\n People who intend to travel from Macau to the neighbouring city of Zhuhai will now be allowed to travel with a negative Covid-19 nucleic acid test certificate issued within the past seven days. The move extends the validity period of tests from\u00a048-hours.<\/a><\/p>\n\n\n\nZhuhai relaxes Covid-19 restrictions for Macau<\/h2>\n\n\n\n