{"id":8352,"date":"2020-07-22T21:57:00","date_gmt":"2020-07-22T21:57:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=8352"},"modified":"2026-04-24T03:26:07","modified_gmt":"2026-04-24T06:26:07","slug":"us1-billion-loss-for-macau-casinos-in-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/us1-billion-loss-for-macau-casinos-in-q2","title":{"rendered":"US$1 billion loss for Macau casinos in Q2"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Bloomberg analysts expect negative EBITDA for Macau&#8217;s six largest casino operators for the period between April and June.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Bloomberg\u2019s financial analysts believe Macau\u2019s biggest casinos will collectively lose about US$1 billion in the second quarter of 2020.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Although projections have improved since mainland China eased some travel restrictions for visiting the city, eight financial brokers surveyed by the news agency expected earnings before interest tax, depreciation and amortization (EBITDA) for the quarter ending June 30 to be US$1 billion in the red for the six largest operators.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The analysts expect each operator to post negative results for Q2, with SJM Holdings\u00a0and MGM China Holdings suffering the greatest losses. SJM is expected to see earnings down by 174 per cent, and MGM by 162 per cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wynn Macau earnings are expected to fall 152 per cent year-on-year, Melco Resorts by 140 per cent, Sands China by 139 per cent, and Galaxy Entertainment by 134 per cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a whole, the industry\u2019s earnings before interest and taxes are estimated by Bloomberg to be down by 143 per cent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts said they were confident results will be better for the current quarter due to the possibility of travel from <strong><em><a aria-label=\"undefined (opens in a new tab)\" href=\"https:\/\/focusgn.com\/asia-pacific\/china-travel-will-return-to-growth-by-2022\" target=\"_blank\" rel=\"noreferrer noopener\">Guangdong province to Macau<\/a><\/em><\/strong> without mandatory quarantine, as long as the authorities start issuing visas for travel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg analysts expect negative EBITDA for Macau&#8217;s six largest casino operators for the period between April and June.<\/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":"Bloomberg analysts project a collective US$1 billion negative EBITDA for Macau's six largest casino operators in Q2 2020, with SJM Holdings and MGM China Holdings anticipated to incur the most significant losses. Despite eased travel restrictions from mainland China, the sector faces substantial financial headwinds, though future improvements are contingent on further visa issuance for Guangdong province.","focusai_entities":"Bloomberg, SJM Holdings, MGM China Holdings, Wynn Macau, Melco Resorts, Sands China, Galaxy Entertainment","focusai_location":"Macau, China, Guangdong province","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Q2 EBITDA Impact","query":"What specific operational adjustments or cost-cutting measures are Macau's major integrated resort operators implementing to mitigate the projected negative EBITDA and preserve liquidity amidst ongoing market challenges?"},{"label":"Travel Restriction Easing","query":"How do the current travel restriction easements, particularly from Guangdong province, translate into revised GGR and NGR forecasts for H2 2020, and what is the estimated breakeven point for these operators given the reduced visitation?"}],"footnotes":""},"categories":[16338,163],"tags":[12436,257],"class_list":["post-8352","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-casinos","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8352","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=8352"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8352\/revisions"}],"predecessor-version":[{"id":8363,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8352\/revisions\/8363"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}