Coronavirus outbreak has hit Macau and will likely slow the city’s gaming growth<\/p>\n\n\n\n\n\n\n\n
Macau.- Analysts remain upbeat about gaming growth despite the first outbreak of Coronavirus Pneumonia in Macau. So long as the government can contain the outbreak there will be no impact in the city’s economy, they have said.<\/p>\n\n\n\n
\u201cHow the US-listed Macau Gaming stocks perform from here will, in our view, be tied to containment efforts”, Nomura Instinet analysts said in a note. <\/p>\n\n\n\n
“The smaller the number of new cases, the less likely it is that investors will be concerned. The inverse also holds true. The impact of pandemics on stocks tends to be at its worst before the WHO issues travel warnings,\u201d the note concluded.<\/p>\n\n\n\n
Comparisons to the 2003 SARS outbreak are being made and is partly why there is cause for concern. At that time, visitation to Macau decelerated significantly from +12 percent year-on-year to +3 percent. A similar impact was seen during the 2008 bird flu scare.<\/p>\n\n\n\n
However analysts were quick to note that \u201cover a 6-12 month period, visitation was still positive.\u201d<\/p>\n\n\n\n
\u201cThese are interesting historic perspectives, but the path and intensity of the virus in the near term is unknowable,\u201d they added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Coronavirus outbreak has hit Macau and will likely slow the city’s gaming growth<\/p>\n","protected":false},"author":2,"featured_media":2675,"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 remain cautiously optimistic about Macau's gaming growth despite the initial Coronavirus outbreak, noting that the performance of US-listed Macau gaming stocks is contingent on containment efforts. Historical precedents from SARS and bird flu suggest a deceleration in visitation, but overall positive growth over a 6-12 month period, though the current virus's intensity remains uncertain.","focusai_entities":"Nomura Instinet, WHO","focusai_location":"Macau, US","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Response","query":"What specific regulatory interventions or public health mandates might Macau's government implement if the outbreak escalates, impacting operator licenses or operational capacity?"},{"label":"GGR Impact Scenarios","query":"How are US-listed Macau operators stress-testing GGR forecasts and capital expenditure plans under various prolonged visitation deceleration scenarios?"}],"footnotes":""},"categories":[160,16338,163],"tags":[512,257,5335],"class_list":["post-2671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-gaming","tag-macau","tag-pneumonia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2671","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=2671"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2671\/revisions"}],"predecessor-version":[{"id":2679,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2671\/revisions\/2679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2675"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}