Analysts at S&P Global Ratings have lowered their predictions for Macau\u2019s gross gaming revenue in 2022.<\/p>\n\n\n\n\n\n\n\n
Macau.- Amid the impact of the new wave of Covid-19 cases in Macau, S&P Global Ratings now predicts that\u00a0Macau’s casino gross gaming revenue (GGR) will reach only 20 to 30 per cent of 2019 levels<\/strong> this year, equal to MOP87.74bn (US$1.08bn). The agency said mass-market revenue could reach 50 per cent to 70 per cent of pre-pandemic levels in 2023.\u00a0<\/p>\n\n\n\n Analysts pointed out: “Our lower GGR forecast will result in credit measures being weaker in 2022 and 2023 than we previously expected and could cause leverage to remain above our downgrade threshold through 2023.”<\/p>\n\n\n\n Revenue for the first six months of 2022<\/a>\u00a0was MOP26.27bn (US$3.26bn), down 46.4 per cent year-on-year and the lowest level since the MOP25.75bn recorded for the first six months of 2006. In June,\u00a0gross gaming revenue<\/a>\u00a0plunged 25.9 per cent month on month to MOP2.48bn (US$310m), the lowest monthly GGR since September 2020.<\/p>\n\n\n\n Health authorities reported that the number of Covid-19 cases in the latest outbreak stood at 1,303 as of midnight on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at S&P Global Ratings have lowered their predictions for Macau\u2019s gross gaming revenue in 2022.<\/p>\n","protected":false},"author":176,"featured_media":19810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"S&P Global Ratings has revised down its 2022 gross gaming revenue (GGR) forecast for Macau to 20-30% of 2019 levels, citing the impact of a new wave of Covid-19 cases. This downgrade is expected to weaken credit measures for operators through 2023, potentially pushing leverage above downgrade thresholds. Macau's GGR for H1 2022 was MOP26.27bn, a 46.4% year-on-year decline.","focusai_entities":"S&P Global Ratings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on concessionaires?","query":"What specific credit rating implications and potential covenant breaches might Macau's concessionaires face given S&P's revised GGR forecasts and leverage concerns?"},{"label":"Recovery timeline adjustments?","query":"How might the ongoing Covid-19 situation and revised GGR projections alter the anticipated timeline for Macau's mass-market recovery beyond 2023?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-31566","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\/31566","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=31566"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31566\/revisions"}],"predecessor-version":[{"id":31578,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31566\/revisions\/31578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19810"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}