Total revenue drops to just MOP3.1 billion (\u20ac350 million) following the 15-day Coronavirus casino closure. <\/p>\n\n\n\n\n\n\n\n
Macau.- The Gaming Inspection and Coordination Bureau (DICJ) revealed a dramatic plunge in gross gaming revenue in February with figures down 87% year on year. <\/p>\n\n\n\n
Total revenue was just MOP3.1 billion (\u20ac350 million) for the month, but the figures come as no surprise after the government took the decision to close all 41 of the city’s casino for 15 days as part of efforts to halt the Coronavirus outbreak. <\/p>\n\n\n\n
After the suspension was lifted, the DICJ issued additional health preventive measures such as regular cleanings and maintaining a minimum distance between customers.<\/p>\n\n\n\n
Travel restrictions, including visa bands and flight cancellations, led to a visitor numbers dropping to record lows during February. <\/p>\n\n\n\n
According to Macau Government Tourism Office (MGTO) Director, Maria Helena de Senna Fernandes, occupancy rates at local hotels fell to 11.8 percent with average daily room rates as low as MOP690 (around \u20ac77).<\/p>\n\n\n\n
Research by consultancy company STR also indicated that the Macau hotel sector suffered the largest impact from the Covid-19 epidemic in the Asia Pacific region.<\/p>\n","protected":false},"excerpt":{"rendered":"
Total revenue drops to just MOP3.1 billion (\u20ac350 million) following the 15-day Coronavirus casino closure.<\/p>\n","protected":false},"author":2,"featured_media":1977,"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) plummeted 87% year-on-year in February to MOP3.1 billion (\u20ac350 million) following a mandated 15-day casino closure due to the Coronavirus outbreak. This significant decline was exacerbated by stringent travel restrictions and visa bans, leading to record-low visitor numbers and hotel occupancy rates.","focusai_entities":"Gaming Inspection and Coordination Bureau (DICJ), Macau Government Tourism Office (MGTO), Maria Helena de Senna Fernandes, STR","focusai_location":"Macau, Asia Pacific","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR Recovery Projections","query":"What are the projected timelines and key indicators for Macau's GGR recovery, considering ongoing travel restrictions and potential shifts in VIP and mass market segments?"},{"label":"Regulatory Framework Adaptations","query":"How might the DICJ's regulatory framework evolve to incorporate long-term public health protocols and manage future market disruptions, impacting B2B\/B2C licensing and operational governance?"}],"footnotes":""},"categories":[160,16338,163],"tags":[512,725,257],"class_list":["post-4005","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\/4005","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=4005"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4005\/revisions"}],"predecessor-version":[{"id":4032,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4005\/revisions\/4032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/1977"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}