Macau\u2019s GGR for the second week of March was down 37 per cent week-on-week mainly due to the rise in Covid-19 cases in mainland China.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0has reported that Macau\u2019s gross gaming revenue (GGR) for the second week of March was down 37 per cent\u00a0when compared to the previous week<\/a>.\u00a0Analysts attributed the fall to\u00a0new restrictions related to the Covid-19 pandemic<\/a>\u00a0due to the rise in cases in the neighbouring province of Guangdong.<\/p>\n\n\n\n The average daily rate during the second week of March declined to MOP114m (US$14.1m). Month-to-date GGR is MOP146m (US$18m)<\/strong>, down 55 per cent year-on-year and down 15 per cent when compared to pre-pandemic levels.<\/p>\n\n\n\n Between March 3 to 9, the average daily travel in and out of Macau was down 41 per cent from 52,500 to 31,200 week-on-week.<\/p>\n\n\n\n Casino share prices were down<\/strong>\u00a0yesterday due to the new Covid-19 measures.\u00a0SJM Holdings Ltd\u00a0<\/strong>fell 10 per cent to HK$3.28 (US$0.42) which represents its biggest one-day percentage drop in six months.\u00a0Sands China fell 9.2 per cent\u00a0<\/strong>while Melco International Development Ltd. shares fell 9.1 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau\u2019s GGR for the second week of March was down 37 per cent week-on-week mainly due to the rise in Covid-19 cases in mainland China.<\/p>\n","protected":false},"author":176,"featured_media":16856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Gross Gaming Revenue (GGR) for the second week of March experienced a significant 37% week-on-week decline, primarily attributed to new COVID-19 restrictions stemming from rising cases in mainland China. This downturn led to a 55% year-on-year decrease in month-to-date GGR and a substantial drop in the share prices of major casino operators like SJM Holdings, Sands China, and Melco International Development.","focusai_entities":"Sanford C. Bernstein Ltd, SJM Holdings Ltd, Sands China, Melco International Development Ltd.","focusai_location":"Macau, China, Guangdong","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), investor_analyst (0.99), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Macau GGR recovery outlook?","query":"What are the projected timelines and key indicators for a sustained recovery in Macau's GGR, considering ongoing mainland China travel policies and potential future pandemic-related disruptions?"},{"label":"Operator financial resilience?","query":"How are Macau's major casino operators, such as SJM Holdings and Sands China, adjusting their capital expenditure and operational cost structures to enhance financial resilience amidst prolonged market volatility?"}],"footnotes":""},"categories":[157,16338],"tags":[23907,23906],"class_list":["post-28064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28064","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=28064"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28064\/revisions"}],"predecessor-version":[{"id":28069,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28064\/revisions\/28069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}