decline of 97 per cent year-on-year in April<\/strong><\/em><\/a>. <\/p>\n\n\n\n“We estimate VIP volume has been stronger than mass, with revenue driven by a very small number of players which, however, drove low hold and high volatility in the VIP segment,\u201d analysts Vitaly Umansky, Eunice Lee and Kelsey Zhu noted.<\/p>\n\n\n\n
They also said they expected GGR to decline between 90 and 95 per cent in May, “largely depending on hold volatility and when [tourist] visitation may resume.”<\/p>\n\n\n\n
April\u2019s results put Macau\u2019s accumulated 2020 year-on-year decline at 68.7 per cent with combined GGR of MOP31.24 billion.<\/p>\n\n\n\n
“We expect GGR to pick up again when travel restrictions begin to be lifted,” analysts added.<\/p>\n\n\n\n
Border restrictions between Macau, Hong Kong and China are the main reason for the decline in Macau tourism and the knock-on effect it is having on the SAR’s gaming industry.<\/p>\n\n\n\n
However a plan to allow residents of Guandong province, Hong Kong and Macau to travel without undergoing a 14 day quarantine will be put into action soon.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sanford C. Bernstein analysts say average daily GGR is just MOP40million (US$5million) in the first ten days of the month.<\/p>\n","protected":false},"author":2,"featured_media":6156,"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) continues its significant decline in May, with average daily GGR estimated at MOP40 million (US$5 million) for the first ten days, representing a 95% year-on-year decrease. This follows a 97% YoY decline in April, driven primarily by ongoing border restrictions impacting tourist visitation. Analysts anticipate GGR will remain 90-95% below prior year levels for May, with recovery contingent on the lifting of travel restrictions, despite a proposed quarantine-free travel plan for residents from Guangdong, Hong Kong, and Macau.","focusai_entities":"Sanford C. Bernstein, Vitaly Umansky, Eunice Lee, Kelsey Zhu","focusai_location":"Macau, Hong Kong, China, Guangdong","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Triggers","query":"What specific policy triggers, beyond the initial Guangdong\/HK\/Macau travel bubble, are required to significantly improve mass market visitation and GGR, and how might this impact the hold volatility observed in the VIP segment?"},{"label":"Operator Liquidity & Strategy","query":"How are Macau's concessionaires adjusting their operational expenditure and capital allocation strategies to mitigate the prolonged GGR contraction, and what are the implications for their balance sheets and future development projects?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[257],"class_list":["post-6389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","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\/6389","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=6389"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6389\/revisions"}],"predecessor-version":[{"id":777010441,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6389\/revisions\/777010441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6156"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}