Bernstein Research<\/a><\/strong><\/em> said.<\/p>\n\n\n\nThe estimated decline is based on revenues generated from April 1 to April 5 with just MOP500million recorded. <\/p>\n\n\n\n
This suggests an average daily rate (ADR) of MOP100 million ($12.5 million), down 98 per cent on the same period last year.\u00a0\u00a0<\/p>\n\n\n\n
“The gaming operators and other Macau based contacts we have spoken with do not see any\u00a0clarity on timing of recovery,” the report said.<\/p>\n\n\n\n
“VIP has been stronger than mass driven by a small number of players, with normal hold in VIP and significant volatility,” it added.<\/p>\n\n\n\n
Macau\u2019s casinos are the only properties in Asia to remain open after a 15-day shutdown in February. <\/p>\n\n\n\n
There were signs visitation would improve in March after Macau appeared to have the outbreak under control, reporting a 40-day stretch with no new cases. <\/p>\n\n\n\n
But several new infections brought in by foreigners led to the government imposing restrictions once again, including closing borders. <\/p>\n\n\n\n
Until further notice there are limited flights into Macau and the Hong Kong, Macau, Zhuhai Bridge has now also been shut.\u00a0<\/p>\n\n\n\n
\u201cOn top of travel restrictions, overall softness in the China economy mitigates any near-term recovery,\u201d Bernstein analysts warned.<\/p>\n","protected":false},"excerpt":{"rendered":"
Estimated decline is based on revenues generated from April 1 to April 5 with just MOP500million recorded.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 Research projects Macau's April Gross Gaming Revenue (GGR) could decline by 95% or more if current travel restrictions persist, based on an average daily rate of MOP100 million in early April. Operators report no clarity on recovery timing, with overall economic softness in China further dampening near-term prospects despite some VIP segment resilience.","focusai_entities":"Bernstein Research","focusai_location":"Macau, Hong Kong, Zhuhai, 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":"Operator Mitigation Strategies","query":"What specific operational adjustments, including cost containment and liquidity management, are Macau's concessionaires implementing to navigate the projected 95%+ GGR decline?"},{"label":"Long-Term Market Impact","query":"How will the sustained travel restrictions and broader economic deceleration in China influence the long-term capital expenditure cycles and strategic diversification initiatives of Macau's integrated resort operators?"}],"footnotes":""},"categories":[160,161,16338,163,167],"tags":[725,257],"class_list":["post-5343","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-finance-news","category-news-region","tag-ggr","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5343","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=5343"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5343\/revisions"}],"predecessor-version":[{"id":5366,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/5343\/revisions\/5366"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=5343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=5343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=5343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}