{"id":29177,"date":"2022-04-21T11:25:01","date_gmt":"2022-04-21T14:25:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29177"},"modified":"2026-04-23T09:24:28","modified_gmt":"2026-04-23T12:24:28","slug":"macau-casino-stocks-rise-after-easing-of-covid-19-countermeasures","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-casino-stocks-rise-after-easing-of-covid-19-countermeasures","title":{"rendered":"Macau casino stocks rise after easing of Covid-19 countermeasures"},"content":{"rendered":"\n

The shares of Macau casino operators rose between 4 and 8 per cent. The Hang Seng Index rose by 1 per cent.<\/p>\n\n\n\n\n\n\n\n

Macau.- Macau casino stock prices rose after Macau\u2019s\u00a0Novel Coronavirus Response and Coordination Centre\u00a0<\/strong>extended Covid-19 test validity<\/a> for inbound travellers from Guangdong from 24 to 48 hours. The shares of Macau casino operators rose between 4 and 8 per cent. The Hang Seng Index rose by 1 per cent.<\/p>\n\n\n\n

According to Asian Gaming Brief, analysts said: \u201cThis is still far from the more normal requirement of 7-day validity last year and it\u2019s unlikely to move the needle for actual demand, in our view. That said, directionally speaking, this can still be seen as a baby step toward a more normal travel\/mobility environment, hence we view it as positive.\u201d\u00a0<\/p>\n\n\n\n

Despite the gains, analysts remained very cautious about Macau’s near-term recovery due to China’s ongoing Covid-19 crisis.<\/p>\n\n\n\n

A few days ago, the\u00a0Gaming Inspection and Co-ordination Bureau (DICJ)\u00a0<\/strong>reported that mass-market games, including slot machines, accounted for nearly 72.8 per cent of all\u00a0Macau casinos\u2019 gross gaming revenue (GGR)<\/a>\u00a0in the first quarter of 2022, at nearly MOP12.94bn (US$1.60bn).<\/p>\n\n\n\n

However, mass-market revenue was down 8.8 per cent year-on-year and 10.9 per cent quarter-on-quarter. Mass-market games, including slot machines, accounted for <\/strong>74.3 per cent of Macau\u2019s GGR in the fourth quarter of 2021<\/a>, at nearly MOP14.18bn (US$1.77bn).<\/p>\n\n\n\n

Macau VIP gaming promoter bill passes first reading<\/h2>\n\n\n\n

Macau\u2019s Legislative Assembly has approved the first reading of the new bill on junket businesses<\/a> and satellite casinos. In the first reading, 30 MPs voted in favour <\/strong>while one voted against the bill.<\/p>\n\n\n\n

Some of the legislators who spoke at the debate questioned the viability of satellite casinos continuing to operate under the proposed framework. They raised concerns that local employment could be affected as a result.<\/p>\n","protected":false},"excerpt":{"rendered":"

The shares of Macau casino operators rose between 4 and 8 per cent. The Hang Seng Index rose by 1 per cent.<\/p>\n","protected":false},"author":176,"featured_media":17661,"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 casino stocks experienced a modest uplift following an extension of COVID-19 test validity for inbound travelers from Guangdong, although analysts remain circumspect regarding a significant near-term demand recovery. Concurrently, the Legislative Assembly approved the first reading of a new bill impacting junket operations and satellite casinos, prompting concerns over their future viability and local employment. Q1 2022 GGR data revealed a continued year-on-year and quarter-on-quarter decline in mass-market revenue, despite its dominant share.","focusai_entities":"Asian Gaming Brief, Gaming Inspection and Co-ordination Bureau (DICJ), Macau's Legislative Assembly","focusai_location":"Macau, Guangdong, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Satellite Casino Viability","query":"What specific amendments or concessions might be required in the new junket and satellite casino bill to ensure the long-term operational viability of satellite casinos and mitigate potential employment impacts?"},{"label":"GGR Recovery Outlook","query":"Given the continued decline in mass-market GGR and the cautious analyst sentiment, what are the revised projections for Macau's overall GGR recovery trajectory in H2 2022, factoring in potential further easing of travel restrictions and the new regulatory framework?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-29177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29177","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=29177"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29177\/revisions"}],"predecessor-version":[{"id":29180,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29177\/revisions\/29180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17661"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}