The government of Macau has reported that no new Covid-19 cases were identified yesterday.<\/p>\n\n\n\n\n\n\n\n
Macau.- There’s some hope that Macau’s latest Covid-19 outbreak may be waning. The city has reported its first day with no new Covid-19 cases<\/strong>\u00a0since June 19<\/a>.\u00a0The city has identified 1,816 cases since the last outbreak began and a series of countermeasures were introduced.<\/p>\n\n\n\n Casinos reopened at the weekend<\/a> after two weeks of closure\u00a0but business remains practically nil in a month that has had barely any visitors. Analysts at Sanford C. Bernstein expect\u00a0casino gross gaming revenue (GGR)<\/a>\u00a0to be close to zero for July.<\/p>\n\n\n\n Other non-essential businesses <\/strong>including cinemas, health clubs and beauty parlours remain shut, and people must also stay home except for urgent tasks, such as work and shopping.<\/p>\n\n\n\n Analysts noted that Macau\u2019s GGR recovery will depend on\u00a0reducing local Covid-19 cases to zero\u00a0<\/strong>and resuming quarantine-free travel with mainland China. However, during a webinar held by the\u00a0France Macau Chamber of Commerce (FMCC)<\/strong>, analysts agreed that the recovery of the Macau tourism market could be as rapid as that of Las Vegas once travel restrictions are lifted.<\/p>\n\n\n\n According to Macau Business, Andrew Klebanow<\/strong>, co-founder and senior partner of C3 Gaming, said: \u201cOnce vaccines started to become widely available in March 2021 people felt very comfortable going out again and there was this pent-up demand for entertainment, to just get out of the house or get out of town to a casino and to escape.\u201d<\/p>\n\n\n\n Joseph Greff <\/strong>from JP Morgan Securities came to a similar conclusion and said the gaming industry might rebound quickly once inbound travel restrictions are relaxed.<\/p>\n\n\n\n During an interview with business news outlet CNBC, Greff pointed out that while the outlook is tough for the near term, in the longer term,\u00a0Macau could have access \u201cto a large quantum of people with a proclivity to game<\/strong>.\u201d<\/p>\n\n\n\n However, for now, despite a high vaccination rate, China and Macau are sticking to a zero-Covid-19 programme, seeking to curb outbreaks at almost any cost, contrary to other countries, where the virus is already widespread.<\/p>\n","protected":false},"excerpt":{"rendered":" The government of Macau has reported that no new Covid-19 cases were identified yesterday.<\/p>\n","protected":false},"author":176,"featured_media":19390,"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 has reported its first day without new COVID-19 cases since June 19, offering a glimmer of hope amidst an outbreak that has severely impacted its gaming sector. Despite casinos reopening, gross gaming revenue (GGR) is projected to be near zero for July, with analysts emphasizing that a full recovery hinges on eliminating local cases and reinstating quarantine-free travel with mainland China. Industry experts anticipate a rapid market rebound, akin to Las Vegas's post-vaccine recovery, once travel restrictions are lifted, leveraging Macau's long-term potential for gaming demand.","focusai_entities":"Sanford C. Bernstein, France Macau Chamber of Commerce (FMCC), Andrew Klebanow, C3 Gaming, Joseph Greff, JP Morgan Securities, CNBC","focusai_location":"Macau, China, Las Vegas","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":"GGR Recovery Projections","query":"What specific GGR recovery models are analysts employing, and how do they factor in the potential for a rapid rebound versus the sustained impact of China's zero-COVID policy on Macau's gaming market?"},{"label":"Zero-COVID Policy Impact","query":"How are Macau's integrated resort operators mitigating the financial and operational risks associated with the prolonged zero-COVID policy, and what contingency plans are in place for sustained travel restrictions?"}],"footnotes":""},"categories":[16338,23876],"tags":[23906],"class_list":["post-32167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-social-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32167","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=32167"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32167\/revisions"}],"predecessor-version":[{"id":32194,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/32167\/revisions\/32194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19390"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=32167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=32167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=32167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}