measures to contain the Coronavirus outbreak<\/strong><\/em><\/a>.<\/p>\n\n\n\nIndividual visas to Macau previously issued by the mainland authorities remain valid, officials said in a press conference. <\/p>\n\n\n\n
The individual visit scheme (IVS) allows mainland Chinese living in eligible areas of the country \u2013 typically the most economically developed places \u2013 to apply for a single-use travel visa to visit Macau or Hong Kong as independent travellers rather than as part of a tour group.<\/p>\n\n\n\n
Macau welcomed a record 39.4 million visitors last year, with more than 27.9 million coming from mainland China. <\/p>\n\n\n\n
IVS travellers accounted for 46.8 percent of the aggregate mainland visitor arrivals in Macau in 2019 and “possibly a higher proportion of gaming revenues” at the city\u2019s casinos for that period, JP Morgan Securities (Asia Pacific) Ltd analysts DS Kim, Derek Choi and Jeremy An wrote in a memo commenting on the IVS suspension.<\/p>\n\n\n\n
They added: “Since package tours (23 percent of Chinese visitors) had already been suspended, Chinese visitors now need to obtain other types of permits\/visas to enter Macau (such as transit, business or family visas, collectively accounting for 30 percent of Chinese visitors), which could be very inconvenient for gamblers.<\/p>\n\n\n\n
“We wouldn\u2019t be surprised to see the IVS suspension itself \u2013 while it lasts \u2013 hurt gross gaming revenue by over 30 percent (for both VIP and mass, though the impact should be relatively bigger for mass), and we see significant downside to February gross gaming revenue forecasts, as well as January,” the JP Morgan analysts added.<\/p>\n","protected":false},"excerpt":{"rendered":"
Authorities from mainland China have introduced the ban as part of measures to contain the spread of Coronavirus.<\/p>\n","protected":false},"author":2,"featured_media":2892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Mainland China has suspended individual travel visas to Macau as a measure to contain the Coronavirus outbreak. This follows earlier package tour suspensions, with JP Morgan analysts projecting a significant impact on Macau's Gross Gaming Revenue (GGR), potentially exceeding a 30% reduction for both VIP and mass segments.","focusai_entities":"JP Morgan Securities (Asia Pacific) Ltd, DS Kim, Derek Choi, Jeremy An","focusai_location":"China, Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact Duration?","query":"What is the projected duration of the IVS suspension, and how might an extended ban further depress Macau's Gross Gaming Revenue (GGR) beyond initial forecasts?"},{"label":"Operator Mitigation Strategies?","query":"What specific operational and financial mitigation strategies are Macau's integrated resort operators implementing to offset the significant GGR decline resulting from the IVS suspension?"}],"footnotes":""},"categories":[160,28,16338],"tags":[227,7299,229,257],"class_list":["post-2888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-china","tag-coronavirus","tag-gambling","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2888","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=2888"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2888\/revisions"}],"predecessor-version":[{"id":2911,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2888\/revisions\/2911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2892"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}