MaMacau\u2019s GGR will reach MOP2.1 billion (US$252 million) for the month amid the on-going Coronavirus crisis. <\/p>\n\n\n\n\n\n\n\n
Macau.- Macau GGR will be down 90% in February as a result of the 15-day casino closure and the ongoing Coronavirus crisis, according to Bernstein Research. <\/p>\n\n\n\n
Analysts estimates that with the reopening of most casinos on February 20, Macau\u2019s GGR will reach MOP2.1 billion (US$252 million) for the month.<\/p>\n\n\n\n
“We estimate February to be down 90% and March potentially to be down 80% (assuming no significant improvement in travel). The operators we have spoken with do not see any clarity on timing of recovery at this time,” Bernstein Research analysts said in a note.<\/p>\n\n\n\n
“Once the Covid-19 situation stabilizes and outlook on contagion begins to improve, we expect a solid recovery in Macau,” they added.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
MaMacau\u2019s GGR will reach MOP2.1 billion (US$252 million) for the month amid the on-going Coronavirus crisis.<\/p>\n","protected":false},"author":2,"featured_media":2308,"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 Gross Gaming Revenue (GGR) is projected to experience a precipitous 90% decline in February, reaching MOP2.1 billion, with a further 80% contraction anticipated for March, primarily attributable to the ongoing Coronavirus crisis and mandated casino closures. Bernstein Research analysts underscore the prevailing lack of clarity among operators regarding the precise timing of market recovery.","focusai_entities":"Bernstein Research","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Triggers","query":"What specific epidemiological or travel policy changes are considered critical triggers for a projected stabilization and subsequent recovery in Macau's GGR, beyond the initial casino reopening?"},{"label":"Operator Cash Burn","query":"Given the projected GGR declines, what are the estimated daily cash burn rates for major Macau concessionaires, and what liquidity measures are being implemented to sustain operations through this period of uncertainty?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[29,7299,725,257],"class_list":["post-3827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-casino","tag-coronavirus","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3827","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=3827"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3827\/revisions"}],"predecessor-version":[{"id":3833,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3827\/revisions\/3833"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2308"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}