Analysts at JP Morgan also attributed the rise in Macau’s casino shares to the resumption of Macau-Shenzhen ferry services.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Macau gaming stocks rose by 2 per cent to 7 per cent<\/strong>\u00a0yesterday (September 13). JP Morgan attributed the rise to the resumption of the\u00a0Macau-Shenzhen ferry<\/strong>, which had been suspended on August 12, and the fact that operators have submitted bids<\/a> for new gaming concessions.<\/p>\n\n\n\n On the former, according to Asian Gaming Brief, analysts said: “This news doesn\u2019t seem meaningful to us, despite the Bloomberg Finance L.P. headline, since the SZ-MO ferry only accounted for about 3 per cent of Macau\u2019s visitors since the Covid-19 outbreak, while the restrictive border or visa policy is likely to continue to weigh on cross-border travel or gambling demand, in our view, including the\u00a0upcoming National Day holiday<\/a>.”<\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at JP Morgan also attributed the rise in Macau’s casino shares to the resumption of Macau-Shenzhen ferry services.<\/p>\n","protected":false},"author":176,"featured_media":26803,"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 casino shares saw a significant increase, primarily driven by operators submitting bids for new gaming concessions. JP Morgan analysts, while noting the resumption of Macau-Shenzhen ferry services, largely discounted its impact due to its low visitor contribution and ongoing restrictive border policies affecting cross-border gambling demand.","focusai_entities":"JP Morgan, Bloomberg Finance L.P., Asian Gaming Brief","focusai_location":"Macau, Shenzhen","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.75), operator_casino (0.98), investor_analyst (0.99), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Bid Impact?","query":"What specific terms and conditions within the new Macau gaming concession bids are driving investor confidence, and how might they alter the competitive landscape and operator profitability?"},{"label":"Macau GGR Recovery?","query":"Beyond the ferry service, what are the critical policy shifts or macro-economic indicators that JP Morgan and other capital markets analysts are monitoring for a more substantial recovery in Macau's GGR?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-33493","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\/33493","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=33493"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33493\/revisions"}],"predecessor-version":[{"id":33496,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33493\/revisions\/33496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26803"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}