A number of construction and expansion projects in Macau have been stopped or delayed because of the Coronavirus crisis.<\/p>\n\n\n\n\n\n\n\n
Macau.- A number of casino construction and expansion projects have been delayed or stopped due to Coronavirus crisis, Morningstar analyst Chelsea Tam has reported. <\/p>\n\n\n\n
The delayed projects include Galaxy Macau phases 3 and 4, the Londoner, the Grand Lisboa Palace and Studio City\u2019s second phase, Tam said. <\/p>\n\n\n\n
\u201cThis is a good opportunity for long-term investors to go bargain hunting in the Macau gaming coverage,\u201d she added. <\/p>\n\n\n\n
\u201cMGM China, Wynn Macau, Melco Resorts, SJM Holdings, and Sands China are undervalued.\u201d<\/p>\n\n\n\n
According to other analysts, although they remain cautious about casino stocks in the short term and price volatility, they remain optimistic of a sharp bounce back once the outbreak is under control. <\/p>\n\n\n\n
\u201cWe believe the virus is only a temporary step backwards for the Chinese economy and does not change our positive longer-term sector view especially as economic data was improving before the [virus],\u201d Jefferies analysts wrote in a recent note.<\/p>\n","protected":false},"excerpt":{"rendered":"
A number of construction and expansion projects in Macau have been stopped or delayed because of the Coronavirus crisis.<\/p>\n","protected":false},"author":2,"featured_media":3883,"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 Coronavirus crisis has significantly impacted Macau's iGaming and hospitality sector, causing delays or halts in major casino construction and expansion projects, including those by prominent operators. While short-term market volatility is evident, analysts view this as a temporary disruption, presenting a strategic opportunity for long-term investors to acquire undervalued gaming stocks in the region, anticipating a robust market recovery.","focusai_entities":"Chelsea Tam, Morningstar, Galaxy Macau, The Londoner, Grand Lisboa Palace, Studio City, MGM China, Wynn Macau, Melco Resorts, SJM Holdings, Sands China, Jefferies","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Capital Expenditure Revisions?","query":"How might these project delays impact the capital expenditure forecasts and debt covenants for the affected Macau concessionaires over the next 12-24 months?"},{"label":"Market Recovery Timeline?","query":"What specific economic indicators and public health milestones are analysts monitoring to project the timeline for a robust recovery in Macau's GGR and tourism sector?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[29,7299,257],"class_list":["post-3873","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\/3873","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=3873"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3873\/revisions"}],"predecessor-version":[{"id":3905,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3873\/revisions\/3905"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3883"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}