Analysts attribute the numbers to tighter travel restrictions and border testing requirements.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0has predicted that Macau\u2019s gross gaming revenue (GGR) for January will be down 77 per cent when compared to pre-pandemic levels. Average daily GGR for the third week of January was down 53 per cent\u00a0when compared to the previous week<\/a>, falling from MOP244m (US$30.5m) to MOP114m (US$14.2m).<\/p>\n\n\n\n Month-to-date GGR is MOP4.9bn (US$612m)<\/strong>, down 74 per cent when compared to pre-pandemic levels, with average daily revenue of MOP213m. The figure is also\u00a0down 17 per cent from December 2021 levels<\/a>.<\/p>\n\n\n\n VIP transaction volume<\/strong>\u00a0has fallen by 50 per cent so far this month, mainly due to the crisis in the sector after\u00a0Alvin Chau Cheok Wa<\/a>, CEO of Suncity Group Holdings, was arrested over cross-border gambling and money laundering accusations. Mass GGR is down 10 per cent from December.<\/p>\n\n\n\n Over the last week, authorities have imposed\u00a0new travel restrictions<\/strong>\u00a0on\u00a0incoming travellers from mainland China<\/a>, including those from Macau\u2019s neighbouring city of Zhuhai in Guangdong province. Inbound travellers from Zhuhai must present a negative Covid-19 nucleic acid test result obtained in the previous 24 hours instead of in the\u00a0previously set 48 hours<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts attribute the numbers to tighter travel restrictions and border testing requirements.<\/p>\n","protected":false},"author":176,"featured_media":26550,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sanford C. Bernstein Ltd projects Macau's January GGR to be down 77% from pre-pandemic levels, with average daily GGR significantly declining week-on-week. This contraction is attributed to tightened travel restrictions from mainland China and a 50% reduction in VIP transaction volume following the arrest of Suncity Group Holdings CEO, Alvin Chau, on cross-border gambling and money laundering charges.","focusai_entities":"Sanford C. Bernstein Ltd, Alvin Chau Cheok Wa, Suncity Group Holdings","focusai_location":"Macau, Zhuhai, Guangdong, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (0.95), payments_fraud_aml (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery","query":"What is the projected timeline for Macau's GGR recovery, considering the interplay between evolving travel restrictions and the ongoing restructuring of the VIP junket sector's operational model?"},{"label":"VIP Sector Governance","query":"How will the regulatory enforcement actions against key junket operators, such as Alvin Chau, influence the future governance frameworks and B2B licensing requirements for VIP gaming in Macau?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-26528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26528","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=26528"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26528\/revisions"}],"predecessor-version":[{"id":26545,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26528\/revisions\/26545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26550"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}