As ever that depends on there being no major Covid-19 outbreaks in China.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0has reported that Macau recorded MOP88m in daily gross gambling revenue for the first week of September. That was up 12 per cent when compared to the previous week.<\/p>\n\n\n\n Based on the figures, analysts now forecast Macau’s GGR for September could be up 70 per cent\u00a0when compared to last month<\/a>\u00a0and down 83 per cent versus pre-pandemic levels. As ever, analysts pointed out that revenue “could be lower if China Covid-19 outbreaks further hurt travel sentiment and visitation into Macau does not pick up.”<\/p>\n\n\n\n Macau reopened borders to overseas arrivals<\/a>\u00a0from September 1, allowing entry to citizens from 41 countries. The list includes Japan, South Korea, Singapore, Malaysia, Thailand, Australia, and the United States. Previously, only\u00a0people coming from Portugal<\/a>\u00a0and mainland china had been able to visit as tourists.<\/p>\n\n\n\n Wong Weng Man<\/strong>, acting chief of the Health Promotion Division of the Health Bureau has said the list will slowly be expanded in phases to cover visitors of other nationalities. He said Macau would reopen gradually to travellers from countries that meet health authorities\u2019 criteria.<\/p>\n\n\n\n From August 1 to 31, Macau saw an average of 21,200 daily visits, a 30-fold increase from the July average of 687 visits. That figure is still 63 per cent below May 2021, the best performing month since the start of the Covid-19 pandemic with an average of 57,000 daily visitors.<\/p>\n","protected":false},"excerpt":{"rendered":" As ever that depends on there being no major Covid-19 outbreaks in China.<\/p>\n","protected":false},"author":176,"featured_media":25402,"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 GGR for the first week of September reached MOP88m daily, a 12% increase week-over-week, leading analysts to project a 70% MoM GGR rise for September, albeit still 83% below pre-pandemic levels. This modest recovery is attributed to the recent border reopening to 41 countries, with future growth contingent on China's COVID-19 situation and further phased border expansions.","focusai_entities":"Sanford C. Bernstein Ltd, Wong Weng Man, Health Promotion Division of the Health Bureau","focusai_location":"Macau, China, Japan, South Korea, Singapore, Malaysia, Thailand, Australia, United States, Portugal","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What are the revised GGR forecasts for Macau for Q4 and FY2023, considering the phased border reopening and potential for further COVID-19 related travel disruptions from mainland China?"},{"label":"Operator Strategy Impact?","query":"How are integrated resort operators in Macau adjusting their capital expenditure, marketing spend, and staffing levels in response to the current visitation and GGR recovery trajectory?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-33251","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\/33251","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=33251"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33251\/revisions"}],"predecessor-version":[{"id":33287,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33251\/revisions\/33287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25402"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}