severely impacted by the Coronavirus outbreak.<\/strong><\/em><\/a><\/p>\n\n\n\nThe expected decline in GGR has been attributed to a significant drop in visitor numbers due to the temporary halt on IVS and group visas into Macau, and limited flights into Macau and surrounding airports.<\/p>\n\n\n\n
However, the situation is improving and Bernstein has highlighted that visitation has been slowly improving since the end of the forced 15 day casino closure period last month. <\/p>\n\n\n\n
\u201cThe operators we have spoken with do not see any clarity on the timing of recovery at this time\u201d, Bernstein analysts said, adding that further recovery would largely depend on the lifting of travel restrictions from China. <\/p>\n","protected":false},"excerpt":{"rendered":"
Bernstein analysts said any major recovery will largely depend on the lifting of travel restrictions to and from China.<\/p>\n","protected":false},"author":2,"featured_media":3063,"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 Macau's March GGR to decline 75-80% year-on-year due to severe impacts from the Coronavirus outbreak, primarily driven by reduced visitor numbers and travel restrictions. While visitation has shown slight improvement post-casino closures, a significant recovery is contingent upon the lifting of travel restrictions from China, with operators currently lacking clarity on timing.","focusai_entities":"Bernstein","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Scenarios","query":"What are Bernstein's detailed GGR recovery scenarios for Macau, factoring in various timelines for the lifting of IVS and group visa restrictions from mainland China?"},{"label":"Operator Financial Resilience","query":"How are Macau's concessionaires adjusting their liquidity management, debt covenants, and operational expenditure to navigate a prolonged period of suppressed GGR?"}],"footnotes":""},"categories":[160,16338,163],"tags":[725,257],"class_list":["post-4315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4315","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=4315"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4315\/revisions"}],"predecessor-version":[{"id":777010442,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4315\/revisions\/777010442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3063"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}