{"id":29952,"date":"2022-05-18T11:47:21","date_gmt":"2022-05-18T14:47:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29952"},"modified":"2026-04-23T08:37:20","modified_gmt":"2026-04-23T11:37:20","slug":"credit-suisse-warns-china-visa-crackdown-risks-20-of-macau-ggr","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/credit-suisse-warns-china-visa-crackdown-risks-20-of-macau-ggr","title":{"rendered":"Credit Suisse warns China visa crackdown risks 20% of Macau GGR"},"content":{"rendered":"\n

Credit Suisse predicts that restrictions on visas for Chinese nationals will hurt Macau’s gross gaming revenue.<\/p>\n\n\n\n\n\n\n\n

Macau.- Gross gaming revenue in Macau may be hit by up to 20 per cent <\/strong>if China continues to restrict visa approval for frequent gamblers<\/a>. A report by Credit Suisse<\/strong> picked on findings that 90,000 people had been discouraged from visiting Macau from China due to the clampdown.<\/p>\n\n\n\n

The Ministry of Public Security<\/strong> has announced that it will seek to reduce the number of travellers who leave China to gamble, especially frequent travellers. According to Credit Suisse, the main impact will be on the VIP and premium mass segments<\/strong>. <\/p>\n\n\n\n

It estimates that the curbs will hit 30 per cent of the premium mass and VIP direct business, which is equivalent to 20 per cent of the industry total. Analysts estimate that by 2024, the market is expected to be made up of 20 per cent from direct VIP, 40 per cent from premium mass and 40 per cent from base mass.<\/p>\n\n\n\n

The analysts also noted that recent visa rejections have likely contributed to Macau\u2019s slow recovery<\/a>, which has seen monthly GGR reach 18-month and 19-month lows in March and April.<\/p>\n\n\n\n

Sanford C. Bernstein Ltd<\/strong> reported Monday that the latest checks indicate that \u201cfrequent gamblers to Macau have seen visa issuance denied by China immigration offices.\u201d<\/p>\n\n\n\n

Bernstein said in the note: \u201cAs China Immigration Administration<\/strong> just reiterated strict Covid-19 border policy and restrictions on non-essential travel, we expect near-term visitation (to Macau) and (casino) revenue may remain constrained.\u201d<\/p>\n\n\n\n

See also:<\/strong> Macau\u2019s top court rules on junket debts<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Credit Suisse predicts that restrictions on visas for Chinese nationals will hurt Macau’s gross gaming revenue.<\/p>\n","protected":false},"author":226,"featured_media":26764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Credit Suisse forecasts a potential 20% reduction in Macau's Gross Gaming Revenue (GGR) due to China's intensified visa restrictions on frequent gamblers. This policy, reiterated by the Ministry of Public Security, is primarily impacting the high-value VIP and premium mass segments, hindering Macau's post-pandemic recovery. Sanford C. Bernstein Ltd corroborates these findings, noting continued visa denials for frequent visitors.","focusai_entities":"Credit Suisse, Sanford C. Bernstein Ltd, Ministry of Public Security, China Immigration Administration","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), affiliate_publisher (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What are the revised GGR forecasts for Macau's concessionaires for H2 2023 and FY 2024, considering the sustained impact of China's visa restrictions on VIP and premium mass segments?"},{"label":"Operator Strategy Shift?","query":"How are Macau-based integrated resort operators adjusting their market segmentation strategies and non-gaming investment plans to mitigate the long-term effects of reduced high-value Chinese visitation?"}],"footnotes":""},"categories":[157,16338,158],"tags":[227,257],"class_list":["post-29952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-china","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29952","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29952"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29952\/revisions"}],"predecessor-version":[{"id":29965,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29952\/revisions\/29965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26764"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}