{"id":27568,"date":"2022-02-24T11:10:37","date_gmt":"2022-02-24T14:10:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27568"},"modified":"2026-04-23T11:01:49","modified_gmt":"2026-04-23T14:01:49","slug":"macau-casino-investors-wealth-plunges-due-to-covid-19-restrictions","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-investors-wealth-plunges-due-to-covid-19-restrictions","title":{"rendered":"Macau casino investors’ wealth plunges due to Covid-19 restrictions"},"content":{"rendered":"\n

Forbes has revealed that the wealth of several billionaire Hong Kong investors in Macau’s casino resorts has shrunk over the past 12 months.<\/p>\n\n\n\n\n\n\n\n

Macau.- Forbes has released its annual rich list and several Macau casino investors have seen their wealth decline<\/strong> due to factors such as Covid-19 related travel restrictions. Analysts attributed the plunge to the drop in the investors’ net worth to Macau casino companies’ share prices.<\/p>\n\n\n\n

Lawrence Ho<\/strong>, chief executive of Melco Resorts & Entertainment<\/a>, saw the biggest drop, with his fortune falling 37 per cent year-on-year from US$1.99bn to US$1.25bn. He was followed by Lui Che Woo, chairman of Galaxy Entertainment<\/a>, whose fortune plummeted 28 per cent to US$12.8bn.<\/p>\n\n\n\n

The wealth of Pansy Ho, co-chairman of MGM China<\/strong>, has shrunk by 17 per cent to US$3.4bn, while the wealth of Angela Leong<\/strong>, the largest single shareholder of SJM Holdings, has shrunk by 12 per cent to US$2.9bn.<\/p>\n\n\n\n

Morgan Stanley lowers Macau GGR forecast for 2022<\/h2>\n\n\n\n

Morgan Stanley Banking Group<\/a> <\/strong>has lowered its estimate of Macau\u2019s gross gaming revenue (GGR) for 2022 by 30 per cent to US$15bn. <\/p>\n\n\n\n

According to analysts, the market has seen an intermittent recovery, but travel restrictions and regulatory uncertainty will remain in the first half of 2022<\/strong>. They have also reduced their estimate for 2023 by 20 per cent to US$26bn. <\/p>\n\n\n\n

The group now predicts that casino GGR in 2022 and 2023 will reach 42 per cent and 70 per cent of pre-pandemic levels in 2019, respectively<\/p>\n","protected":false},"excerpt":{"rendered":"

Forbes has revealed that the wealth of several billionaire Hong Kong investors in Macau’s casino resorts has shrunk over the past 12 months.<\/p>\n","protected":false},"author":176,"featured_media":18146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The wealth of several prominent Hong Kong investors in Macau's casino sector, including Lawrence Ho, Lui Che Woo, Pansy Ho, and Angela Leong, has significantly declined over the past year due to COVID-19 travel restrictions and falling share prices. Concurrently, Morgan Stanley has substantially lowered its Macau GGR forecasts for 2022 and 2023, citing persistent travel limitations and regulatory uncertainty, projecting GGR to remain well below pre-pandemic levels.","focusai_entities":"Forbes, Lawrence Ho, Melco Resorts & Entertainment, Lui Che Woo, Galaxy Entertainment, Pansy Ho, MGM China, Angela Leong, SJM Holdings, Morgan Stanley Banking Group","focusai_location":"Hong Kong, Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.75), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Regulatory Outlook?","query":"What specific regulatory uncertainties are currently impacting Macau's GGR forecasts, and how might potential policy shifts further influence market recovery timelines?"},{"label":"Operator Capital Strategies?","query":"How are Macau's integrated resort operators adjusting their capital expenditure, debt management, and operational efficiency strategies in response to these significantly lowered GGR projections?"}],"footnotes":""},"categories":[16338,163],"tags":[23907],"class_list":["post-27568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27568","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=27568"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27568\/revisions"}],"predecessor-version":[{"id":27581,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27568\/revisions\/27581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18146"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}