Macau recorded an 80% drop in gambling revenue in March<\/em><\/strong><\/a>.<\/p>\n\n\n\nHe said: “I really think this is the moment, if you have a license in Macau, to legalise online gaming. The Chinese government has been against online gaming and you do have a black market there for people who are playing online, but there really shouldn\u2019t be.<\/p>\n\n\n\n
“Why not allow your licensees in Macau to connect with those customers in mainland China. The Government would obviously watch it and monitor, regulate and control it but at least you then have the potential to tax and regulate online.<\/p>\n\n\n\n
“Allow the mass market and the premium mass market in Macau to play online in the current environment and that loss of tax revenue would be mitigated; I think that\u2019s the key. Gaming exists because it\u2019s an economic driver and source of revenue, so that is something I think the Chinese government should really consider.”<\/p>\n\n\n\n
He went on to say that the drop in gambling revenue was unsurprising, stating ‘nothing is normal right now’.<\/p>\n\n\n\n
“There wasn\u2019t any surprise with the 80% drop; there was a moment in the period where it was down 100%. Nothing is normal right now with borders being reclosed and the distance between the tables in casinos, with dealers all wearing masks. It\u2019s not even close to being back.<\/p>\n\n\n\n
“I know the Macau Chief Executive\u2019s goal was to have things back to normal by May but I don\u2019t think there\u2019s any real chance of that given the more recent flare up with respect to new outbreaks.<\/p>\n\n\n\n
“I think the quarantine measures are probably going to be in place for at least a whole month. We have another tough month ahead for gaming Macau.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Jason Ader says online gambling could help operators overcome the challenging period caused by Coronavirus.<\/p>\n","protected":false},"author":2,"featured_media":4807,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Jason Ader, CEO of SpringOwl Asset Management, advocates for Macau to legalize online gaming to mitigate significant revenue losses caused by the Coronavirus pandemic. He suggests this would allow licensed operators to serve mainland Chinese customers, enabling the government to tax and regulate a currently black market. Ader emphasizes that this strategic shift could offset the severe GGR decline and provide a crucial economic driver.","focusai_entities":"Jason Ader, SpringOwl Asset Management, Gambling Insider","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), payments_fraud_aml (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Online Gaming Feasibility","query":"What specific regulatory and technological governance frameworks would Macau need to establish to effectively monitor and tax online gaming operations targeting mainland Chinese players, considering existing cross-border restrictions?"},{"label":"Impact on GGR Recovery","query":"How would the legalization of online gaming, specifically targeting the mass and premium mass markets, realistically impact Macau's Gross Gaming Revenue (GGR) recovery timeline and overall market diversification post-pandemic?"}],"footnotes":""},"categories":[160,161,16338,154,167],"tags":[29,1897,225,257],"class_list":["post-5255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-legislation-news","category-news-region","tag-casino","tag-igaming","tag-legislation","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5255","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=5255"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5255\/revisions"}],"predecessor-version":[{"id":21871,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5255\/revisions\/21871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4807"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}