Macau’s gross gaming revenue falls 11.3% year on year in January as the Coronavirus outbreak continues to impact the sector. <\/p>\n\n\n\n\n\n\n\n
Macau.- Macau\u2019s gross gaming revenue fell 11.3% to MOP$22.12 billion (\u20ac2.49 billion) in January, according to figures published by the gaming regulator. <\/p>\n\n\n\n
The decline is expected to continue in February as the impact of Coronavirus outbreak<\/a><\/strong><\/em> continues to hurt the industry.<\/p>\n\n\n\n Industry experts agreed that February\u2019s GGR could fall by as much as 40% with Macau being heavily impacted by travel restrictions<\/strong><\/em><\/a> on visitors from mainland China<\/a><\/strong><\/em>. <\/p>\n\n\n\n This includes reduced border gate opening hours and heavily limited plane, ferry and bus services.<\/p>\n\n\n\n Before the Coronavirus outbreak, analysts estimated January GGR at between -3% and +2%..<\/p>\n\n\n\n Several operators including\u00a0Las Vegas Sands have already reported around 80% fewer visits\u00a0during the\u00a0Chinese New Year holiday season. <\/p>\n\n\n\n Fitch Ratings Service has estimated \u20ac1.8 billion could be lost in cash. <\/p>\n","protected":false},"excerpt":{"rendered":" Macau’s gross gaming revenue falls 11.3% year on year in January as the Coronavirus outbreak continues to impact the sector.<\/p>\n","protected":false},"author":2,"featured_media":3063,"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 January Gross Gaming Revenue (GGR) declined 11.3% year-on-year to MOP$22.12 billion, attributed to the escalating Coronavirus outbreak and subsequent travel restrictions impacting visitor volumes from mainland China. Industry projections anticipate a further GGR contraction of up to 40% in February, with Fitch Ratings estimating potential cash losses of \u20ac1.8 billion for operators. This significant downturn underscores the immediate operational and financial challenges facing the region's integrated resorts.","focusai_entities":"Las Vegas Sands, Fitch Ratings Service","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Projections?","query":"Given the projected 40% GGR decline in February and ongoing travel restrictions, what are the revised consensus estimates for Macau's full-year 2020 GGR, and what specific operational levers are operators like Las Vegas Sands deploying to mitigate cash burn?"},{"label":"Regulatory Response Impact?","query":"Beyond immediate GGR impacts, how might the Macau gaming regulator adjust licensing conditions or introduce fiscal incentives to support operators through this unprecedented downturn, and what are the implications for future market entry or expansion?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[7299,725,257],"class_list":["post-3060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-coronavirus","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3060","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=3060"}],"version-history":[{"count":7,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3060\/revisions"}],"predecessor-version":[{"id":3076,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3060\/revisions\/3076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3063"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}