Bernstein analysts say that extending the current casino closure period could have a devastating impact on the SARs gambling industry. <\/p>\n\n\n\n\n\n\n\n
Macau.- February could see a 95 percent year-on-year fall in gaming revenue, analysts at Sanford C. Bernstein predict. <\/p>\n\n\n\n
The analysts said this would almost certainly be the case if the current casino closure related to the Coronavirus outbreak continues. <\/p>\n\n\n\n
If the closure is extended, gaming revenues in February are likely to be around MOP1.26 billion (\u20ac144 million). <\/p>\n\n\n\n
All 41 of Macau’s casinos have been closed for a two-week period since February 5. They were due to reopen from midnight February 20 but local authorities are now considering whether to extended the closure.<\/p>\n\n\n\n
“There is a strong possibility of an extension of the shut-down order,” the brokerage indicated while noting that gaming revenues had already been negatively impacted by the current closure.<\/p>\n\n\n\n
The Coronavirus crisis has seen a huge decrease in Macau visitor numbers since the outbreak was first announced, with China having stopped all group travel and the issuance of individual travel visas to the city.<\/p>\n\n\n\n
Local gross gaming revenues dropped by 11.3 per cent year-on-year in January to MOP22.12 billion (\u20ac2.5 billion). <\/p>\n\n\n\n
Police authorities revealed this week that the number of tourists entering Macau between January 27 and February 7 had dropped 90 per cent to just 174,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bernstein analysts say that extending the current casino closure period could have a devastating impact on the SARs gambling industry.<\/p>\n","protected":false},"author":2,"featured_media":2912,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Bernstein analysts project a potential 95% year-on-year decline in Macau's February gaming revenue if the current casino closure, initiated on February 5 due to the Coronavirus outbreak, is extended beyond its scheduled February 20 reopening. This follows an 11.3% GGR drop in January, exacerbated by severe travel restrictions from mainland China, posing a devastating impact on the SAR's gambling industry.","focusai_entities":"Bernstein, Sanford C. Bernstein","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Economic Relief Measures","query":"What specific economic relief measures are Macau authorities considering to mitigate the financial strain on concessionaires and their workforce during an extended closure period?"},{"label":"Investment Strategy Impact","query":"How might an extended operational cessation in Macau influence capital allocation and investment strategies for integrated resort developers across other nascent Asian gaming markets?"}],"footnotes":""},"categories":[160,16338,163],"tags":[512,725,257],"class_list":["post-3400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-gaming","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3400","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=3400"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3400\/revisions"}],"predecessor-version":[{"id":3414,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3400\/revisions\/3414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2912"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}