Macau GGR estimate to from contraction of 95 per cent<\/strong><\/em><\/a> to 97 per cent, “largely depending on hold volatility and when visitation may resume”.<\/p>\n\n\n\n“Our contacts we have spoken with do not see any definitive clarity on travel restrictions improvement, but we expect GGR to pick up again when travel restrictions begin to be lifted,”, the analysts said.<\/p>\n\n\n\n
“We expect border restrictions between Macau\/Hong Kong and Macau\/Guangdong to be lifted sometime in the next few weeks, in late May or early June. <\/p>\n\n\n\n
“The three jurisdictions remain in discussion about reducing travel restrictions, and quarantine requirements are likely to be significantly reduced for certain travellers in the near term,” the added. <\/p>\n","protected":false},"excerpt":{"rendered":"
The average daily rate was estimated to be approximately MOP25million (US$3.1million) reflecting a 103 percent decrease year-on-year.<\/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's average daily Gross Gaming Revenue (GGR) for May 18-24 plummeted by 103% year-on-year to MOP25 million, driven by the Covid-19 pandemic, reduced visitation, and significant VIP hold volatility. Sanford C. Bernstein analysts have revised Macau's May GGR contraction estimate to 95-97%, anticipating a recovery contingent on the lifting of border restrictions between Macau, Hong Kong, and Guangdong in late May or early June.","focusai_entities":"Sanford C. Bernstein, Vitaly Umansky, Eunice Lee, Kelsey Zhu","focusai_location":"Macau, Hong Kong, Guangdong","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Recovery Outlook","query":"What specific GGR growth trajectory is projected for Macau's gaming verticals once border restrictions between Macau, Hong Kong, and Guangdong are fully lifted, and what are the key performance indicators for VIP versus mass market segments?"},{"label":"Regulatory Response to Decline","query":"How might Macau's gaming regulator adjust licensing requirements or concession terms in response to sustained GGR contraction and the evolving operational landscape post-pandemic?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[257],"class_list":["post-6746","post","type-post","status-publish","format-standard","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\/6746","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=6746"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6746\/revisions"}],"predecessor-version":[{"id":777010443,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6746\/revisions\/777010443"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}