The new outbreak of Covid-19 cases in Macau has lowered the expectations of recovery for gaming revenue in the medium term.<\/p>\n\n\n\n\n\n\n\n
Macau.- As the number of\u00a0new Covid-19 cases in Macau<\/a>\u00a0continues to rise, analysts believe that gross gaming revenue for 2022 could turn out to be even lower than forecast. Alidad Tash<\/strong>, a gaming expert and managing director of 2NT8, told Macau News Agency 2022 GGR 2022 is now likely to be closer to 2020 than 2021.<\/p>\n\n\n\n In 2020, the city reported a fall of 79.3 per cent in gross gaming revenue from the previous year to MOP60.4bn (US$7.5bn). In 2021, Macau reported full-year gross gambling revenue of MOP86.86bn (US$10.82bn), up 43.7 per cent when compared to the previous year.<\/p>\n\n\n\n The majority of analysts had been expecting 2022 to be a better year than 2021, with some predicting Macau could reach 40 per cent of 2019 levels.\u00a0Morgan Stanley Banking Group<\/a>\u00a0<\/strong>predicted that casino GGR in 2022 and 2023 could reach 42 per cent and 70 per cent of pre-pandemic 2019 levels, respectively.\u00a0<\/p>\n\n\n\n However, the first five months of the year saw lower-than-expected revenue. In April, the city recorded its lowest level of GGR<\/a>\u00a0since September 2020. Macau\u2019s GGR for the\u00a0first five months of 2022\u00a0<\/strong>combined stands at MOP23.79bn (US$2.95bn), down 44 per cent year-on-year. This month’s gross gaming revenue<\/a>\u00a0may reach only 9 per cent of 2019 levels.<\/p>\n\n\n\n Casinos remain open despite the outbreak, but operators have been ordered to request a\u00a0negative Covid-19 test result\u00a0<\/strong>issued within the previous 48 hours from all visitors. Customers will also have their body temperature taken and must present a health-declaration statement.<\/p>\n","protected":false},"excerpt":{"rendered":" The new outbreak of Covid-19 cases in Macau has lowered the expectations of recovery for gaming revenue in the medium term.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The resurgence of Covid-19 cases in Macau has led analysts to significantly lower 2022 Gross Gaming Revenue (GGR) forecasts, now anticipating figures closer to 2020 levels rather than the previously expected recovery. Despite casinos remaining operational with strict health protocols, the first five months of 2022 already show a 44% year-on-year GGR decline, with current monthly GGR potentially reaching only 9% of 2019 levels. This downturn challenges prior projections for a substantial market rebound.","focusai_entities":"Alidad Tash, 2NT8, Macau News Agency, Morgan Stanley Banking Group","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Operator Mitigation Strategies","query":"What specific operational adjustments are Macau's integrated resorts implementing to mitigate the financial impact of reduced GGR and stringent health protocols on their balance sheets and profitability?"},{"label":"Concessionaire Capital Allocation","query":"How might the sustained GGR underperformance in Macau influence the capital allocation strategies of major concessionaires, particularly concerning planned non-gaming investments and future concession bidding?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-31193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31193","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=31193"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31193\/revisions"}],"predecessor-version":[{"id":31234,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31193\/revisions\/31234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}