visas from August 12<\/a><\/em><\/strong> could help gaming revenues in Macau reach 40 per cent of pre-Covid-19 levels, they said. If the IVS resumes as well, this would allow casinos to break even in September.<\/p>\n\n\n\nAnalysts Kenneth Fong and Lok Kan Chan said the tourism visas \u201cshould help the VIP and premium mass segment to recover to 40 per cent of pre-Covid level, implying industry ADR (average daily revenue) at MOP$200 million (US$25 million) to MOP$250 million (US$31.3 million)\u201d.<\/p>\n\n\n\n
They added: \u201cIf the IVS is further relaxed by end of Aug, it would probably hit the MOP$300 million (US$37.5 million) to MOP$350 million (US$43.8 million) level by end of September.”<\/p>\n\n\n\n
For the time being, only visas for business, government, family and education purposes will be authorised.<\/p>\n\n\n\n
The Individual Visas Scheme (IVS) and permissions for group tours awaited by the Macau gaming industry are not yet being considered. They have been suspended since January due to the pandemic. <\/p>\n","protected":false},"excerpt":{"rendered":"
Analysts at Credit Suisse believe easing of restrictions and issuing of non-tourism visas from mainland China will improve VIP revenues.<\/p>\n","protected":false},"author":2,"featured_media":8596,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Credit Suisse analysts project Macau casinos could reach break-even in September, with gaming revenues recovering to 40% of pre-COVID-19 levels, following the resumption of non-tourism visas from mainland China. This easing, effective August 12, is expected to significantly boost the VIP and premium mass segments, potentially driving average daily revenue (ADR) to MOP$200-250 million, with further upside if the Individual Visas Scheme (IVS) is relaxed.","focusai_entities":"Credit Suisse, Kenneth Fong, Lok Kan Chan","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IVS resumption impact?","query":"What is the projected incremental GGR and operational impact if the Individual Visas Scheme (IVS) and group tours are fully reinstated by Q4 2023?"},{"label":"Segment recovery analysis?","query":"How do the recovery rates for VIP and premium mass segments compare to historical trends, and what implications does this have for operator revenue diversification strategies?"}],"footnotes":""},"categories":[16338,163,158],"tags":[257,2054],"class_list":["post-8594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau","tag-revenue"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8594","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=8594"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8594\/revisions"}],"predecessor-version":[{"id":8626,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8594\/revisions\/8626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8596"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}