{"id":30968,"date":"2022-06-21T01:54:03","date_gmt":"2022-06-21T04:54:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30968"},"modified":"2026-04-23T07:37:28","modified_gmt":"2026-04-23T10:37:28","slug":"bernstein-predicts-macau-ggr-may-fall-to-9-of-2019-levels-in-june","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/bernstein-predicts-macau-ggr-may-fall-to-9-of-2019-levels-in-june","title":{"rendered":"Bernstein predicts Macau GGR may fall to 9% of 2019 levels in June"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Analysts at Bernstein believe Macau&#8217;s GGR could plunge to only 9 per cent of pre-pandemic levels amid a new outbreak of Covid-19 cases.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- As\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/a-new-outbreak-of-covid-19-cases-in-macau-puts-casinos-on-alert\" target=\"_blank\">the number of cases of Covid-19<\/a>\u00a0continues to grow in Macau, the consequences are already being seen. The Public Security Police force reported Macau the arrival of just 20,400 visitors on Sunday &#8211; a 53.6 per cent fall from the previous day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sanford C. Bernstein now predicts that this month&#8217;s gross gaming revenue (GGR) could plummet to only 9 per cent of 2019 levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-24-8-in-may\" target=\"_blank\">Compared to May<\/a>,\u00a0Macau&#8217;s GGR would be down by 31 per cent month-on-month. However, according to analysts, it could fall further if restrictions remain in place and new Covid-19 cases continue to appear.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Authorities in Zhuhai, in the neighbouring Chinese province of Guangdong, have announced that people travelling to Macau from Zhuhai must present a certificate issued within 48 hours before departure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Ministry of Health reported on Monday afternoon that\u00a0<strong>the number of new covid-19 cases had risen from 31 to 36<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Restaurants have closed for dining in and most stores have closed, while Macau authorities have advised the public not to leave home. It\u2019s terrible news for\u00a0<strong>casino operators<\/strong>\u00a0since, while casinos remain open for now, the fragile recovery of tourism is likely to disappear with gross gaming revenue (GGR) expected to be close to zero for up to several weeks, probably into July.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of Monday, Macau had eight &#8220;red lockdown zones&#8221; with confirmed cases and five &#8220;yellow zones&#8221;, indicating where precautionary measures were needed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Bernstein believe Macau&#8217;s GGR could plunge to only 9 per cent of pre-pandemic levels amid a new outbreak of Covid-19 cases.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Analysts at Bernstein predict Macau's Gross Gaming Revenue (GGR) could plummet to 9% of pre-pandemic levels, potentially near zero for several weeks into July, due to a new COVID-19 outbreak and stringent public health restrictions. This significant downturn is driven by a sharp decline in visitor arrivals and the closure of non-essential businesses, severely impacting casino operators despite casinos remaining open.","focusai_entities":"Bernstein, Sanford C. Bernstein, Public Security Police, Ministry of Health","focusai_location":"Macau, Zhuhai, Guangdong, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery Outlook?","query":"What is the revised GGR recovery trajectory for Macau operators, considering the potential for prolonged restrictions and future public health challenges?"},{"label":"Operator Liquidity Impact?","query":"How will the projected near-zero GGR for several weeks impact the liquidity positions and debt covenants of Macau's integrated resort operators?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-30968","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30968","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=30968"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30968\/revisions"}],"predecessor-version":[{"id":31007,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30968\/revisions\/31007"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}