Once the deadly virus has been brought under control, industry experts predict the gaming sector to take three months or more to recover.<\/p>\n\n\n\n\n\n\n\n
Macau.- According to the Macau Gaming Equipment Manufacturers\u2019 Association (MGEMA), it will take at least three months for the industry to return to normal following the deadly Coronavirus outbreak.<\/p>\n\n\n\n
\u201cAfter the outbreak is under control and visa restrictions [to Macau] are removed, it will most likely take at least three months for the gaming industry to get back on track again,\u201d the trade group said in a special e-newsletter.<\/p>\n\n\n\n
In efforts to prevent the virus from spreading further, the Macau government announced last week that the city\u2019s casinos would be closing for at least 15 days, starting from February 5. <\/p>\n\n\n\n
According to various brokerages, Macau\u2019s casino gross gaming revenue could fall by about 50 percent year-on-year in the first quarter.<\/p>\n\n\n\n
Authorities in mainland China have also stopped issuing individual travel visas for visits to Macau by mainland residents. Tour groups from the mainland to Macau are also suspended. Authorities have said the measures are part of efforts to cut travel across China and to reduce the risk of Coronavirus spreading further.<\/p>\n\n\n\n
There were 10 confirmed cases of coronavirus in Macau as of Sunday, including three involving locals. China\u2019s National Health Commission said on Monday there were 40,171 confirmed cases within the country and that the national death toll stood at 908.<\/p>\n","protected":false},"excerpt":{"rendered":"
Once the deadly virus has been brought under control, industry experts predict the gaming sector to take three months or more to recover.<\/p>\n","protected":false},"author":2,"featured_media":3291,"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 Macau gaming sector anticipates a recovery period of at least three months post-Coronavirus containment and visa restriction lifting, according to MGEMA. This follows the Macau government's mandated 15-day casino closure and mainland China's suspension of travel visas, leading brokerages to project a 50% year-on-year decline in Macau's Q1 Gross Gaming Revenue.","focusai_entities":"Macau Gaming Equipment Manufacturers\u2019 Association, China\u2019s National Health Commission","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.85), compliance_legal (0.7), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What are the revised Gross Gaming Revenue projections for Macau operators for Q1 and Q2, considering the extended recovery period and ongoing travel restrictions?"},{"label":"Operational Contingency Plans?","query":"How are major Macau concessionaires adapting their operational and financial contingency plans to mitigate the impact of prolonged closures and reduced visitation?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[29,7299,257],"class_list":["post-3288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-casino","tag-coronavirus","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3288","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3288"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3288\/revisions"}],"predecessor-version":[{"id":3309,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3288\/revisions\/3309"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3291"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}