VIP gamblers <\/a><\/em><\/strong> to drive growth.<\/p>\n\n\n\n\u201cLas Vegas gambling companies usually earn less than 40 per cent of their revenues through gambling,\u201d David Green, founder of Macau Newpage Consulting, a specialist on regulations in the sector, said.<\/p>\n\n\n\n
In Macau, he noted, gambling accounts for around 90 per cent of the revenues of concession holders. <\/p>\n\n\n\n
In contrast, in Las Vegas, it will be \u201cthe closure or restriction of shows, entertainment, restaurants and bars and commerce that will cause more suffering,\u201d Green said. \u201cThey are two different markets.\u201d<\/p>\n\n\n\n
While Macau is depending on gambling and tourism from mainland China, it could mitigate losses by attracting \u201cfew, but good gamblers”. <\/p>\n\n\n\n
Grant Bowie, CEO of MGM China, has similar thoughts and said the focus would be on a \u201cparticular group of customers\u201d -VIPs- at a time when cross-border travel is still very limited.<\/p>\n\n\n\n
According to Green, Macau has yet another great advantage: \u201cit has huge financial reserves created from years of surplus government budgets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau is in a better position to recover from the Coronavirus crisis than its main rival, Las Vegas, due to VIP player, say analysts.<\/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":"Macau is projected to recover more effectively from the Coronavirus crisis than Las Vegas, primarily due to its heavy reliance on VIP gaming revenue and substantial government financial reserves. Analysts highlight Macau's gaming-centric revenue model (90% from gambling for concession holders) as a key differentiator from Las Vegas's diversified entertainment offerings. This focus on high-value VIP players, even with limited cross-border travel, is seen as a strategic advantage.","focusai_entities":"David Green, Macau Newpage Consulting, Grant Bowie, MGM China","focusai_location":"Macau, Las Vegas, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau VIP Strategy","query":"How will Macau's intensified focus on the VIP gaming vertical impact its GGR trajectory and competitive positioning against diversified entertainment markets like Las Vegas in the post-pandemic recovery phase?"},{"label":"Capital Reserves Impact","query":"To what extent do Macau's substantial government financial reserves mitigate systemic risks for concession holders and influence investor confidence compared to jurisdictions with less fiscal backing?"}],"footnotes":""},"categories":[160,161,16338,163,158],"tags":[257],"class_list":["post-6271","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-daily-news","category-east-asia-news","category-finance-news","category-slider-home","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6271","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=6271"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6271\/revisions"}],"predecessor-version":[{"id":20356,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6271\/revisions\/20356"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}