Macau has recorded daily casino gross gaming revenue of MOP20m (US$2.48m) for the first 10 days of July.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0has reported that gross gaming revenue in Macau was down 62 per cent in the first 10 days of July when compared to the MOP52m average daily rate recorded between June 20 and June 30.<\/p>\n\n\n\n The numbers were severely impacted by the latest outbreak of Covid-19 cases In Macau, which started on June 19<\/a>. Earlier this month, authorities announced a series of countermeasures to avoid a rise in new cases that led to a plunge in the number of tourist arrivals.<\/p>\n\n\n\n Yesterday, the government of Macau decided to\u00a0shut casino venues<\/a>\u00a0as well as non-essential business venues until July 18.\u00a0Macau casino stock prices declined after the announcement. Sands China\u2019s shares fell 9 per cent while Wynn Macau\u2019s 7.8 per cent, SJM Holdings by about 6.3 per cent and Galaxy Entertainment\u2019s 6.1 per cent.<\/p>\n\n\n\n Analysts at Sanford Bernstein now predict\u00a0the average daily GGR in Macau for July as a whole will be down 85 per cent month-on-month<\/strong>. The figure could be even lower “depending on the length of Macau lockdown and travel restrictions.\u201d<\/p>\n\n\n\n In June,\u00a0Macau\u2019s gross gaming revenue<\/a>\u00a0was down 25.9 per cent month-on-month, from MOP3.34bn (US$413.4m)\u00a0in May<\/a>\u00a0to MOP2.48bn (US$310m). The figure was down 62.1 per cent year-on-year (June 2021: MOP6.54bn).<\/p>\n\n\n\n Macau\u2019s GGR for the first six months of 2022 <\/strong>combined stands at MOP26.27bn (US$3.26bn), down 46.4 per cent year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau has recorded daily casino gross gaming revenue of MOP20m (US$2.48m) for the first 10 days of July.<\/p>\n","protected":false},"author":176,"featured_media":22027,"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 daily gross gaming revenue (GGR) for the first 10 days of July plummeted to MOP20m (US$2.48m), a 62% decline from late June, primarily due to a new COVID-19 outbreak. This has led to mandated casino closures until July 18 and severe travel restrictions, prompting analysts to forecast an 85% month-on-month GGR reduction for July. Major casino operators, including Sands China and Wynn Macau, experienced significant stock price depreciation following the announcement.","focusai_entities":"Sanford C. Bernstein Ltd, Sands China, Wynn Macau, SJM Holdings, Galaxy Entertainment","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), 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?","query":"What is the projected long-term impact of Macau's 'zero-COVID' policy on its GGR recovery trajectory and the competitive landscape for concessionaires?"},{"label":"Operator Diversification Strategy?","query":"How might the sustained operational disruptions in Macau influence capital allocation strategies and diversification efforts by major integrated resort groups across other gaming verticals or jurisdictions?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-31650","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\/31650","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=31650"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31650\/revisions"}],"predecessor-version":[{"id":31687,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31650\/revisions\/31687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22027"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}