Analysts say the pneumonia outbreak in China could impact Macau gaming revenues if the situation worsens <\/p>\n\n\n\n\n\n\n\n
Macau.- The pneumonia outbreak in China could impact Macau\u2019s gaming industry, Bernstein analysts said in a note this week. The spread of Coronavirus is causing concern across the entire region with confirmed cases in Japan, Thailand and South Korea, and if the situation worsens it could have a significant impact on Macau’s gaming revenues. <\/p>\n\n\n\n
At the moment, there are 200 confirmed cases of the virus with one UK study estimating there may be over 1,700 cases. <\/p>\n\n\n\n
\u201cWhile to date the virus impact has been more muted, any major spread that begins to disrupt travel would be negative for Macau stocks,\u201d the Bernstein analysts said. <\/p>\n\n\n\n
The DICJ and the Health Bureau has responded by assisting casino operators with purchasing and installing body temperature detection equipment. Greater inspections are also being conducted at border crossings. <\/p>\n\n\n\n
On Tuesday, Hong Kong-listed gaming stocks were hit with 5-6 percent decline principally because of concerns over the spread of the virus, Bernstein said in its note. <\/p>\n\n\n\n
Bernstein estimates Macau GGR growth for January to be between -1 to +2 percent year-on-year. While there was some improved demand following President Xi\u2019s visit in December, GGR has slowed in the lead up to the Lunar New Year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Analysts say the pneumonia outbreak in China could impact Macau gaming revenues if the situation worsens<\/p>\n","protected":false},"author":2,"featured_media":2576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Bernstein analysts project a potential negative impact on Macau's Gross Gaming Revenue (GGR) due to the escalating pneumonia outbreak in China, with confirmed cases across the region. Concerns over travel disruption have already led to a 5-6 percent decline in Hong Kong-listed gaming stocks, prompting the DICJ and Health Bureau to implement preventative measures for casino operators.","focusai_entities":"Bernstein, DICJ, Health Bureau, President Xi","focusai_location":"China, Macau, Japan, Thailand, South Korea, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Mitigation Strategies?","query":"Beyond temperature screening, what specific operational and marketing contingency plans are Macau's integrated resorts activating to mitigate GGR decline and ensure player confidence amidst the outbreak?"},{"label":"Regional Regulatory Impact?","query":"How might the DICJ's and Health Bureau's response to this public health crisis influence the development of regulatory compliance and governance frameworks in other emerging Asian iGaming jurisdictions?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[512,725,257,5335],"class_list":["post-2573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-gaming","tag-ggr","tag-macau","tag-pneumonia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2573","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=2573"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2573\/revisions"}],"predecessor-version":[{"id":2608,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2573\/revisions\/2608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2576"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}