{"id":8615,"date":"2020-08-01T16:27:28","date_gmt":"2020-08-01T16:27:28","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=8615"},"modified":"2026-04-24T03:10:23","modified_gmt":"2026-04-24T06:10:23","slug":"lvs-president-macau-will-recover-before-vegas","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/lvs-president-macau-will-recover-before-vegas","title":{"rendered":"LVS president: Macau will recover before Vegas"},"content":{"rendered":"\n

Robert Goldstein expects the resumption of the IVS scheme for Chinese tourists late in the summer or fall.<\/p>\n\n\n\n\n\n\n\n

Macau.- Robert Goldstein, president of the American gaming giant, Las Vegas Sands (LVS), has outlined the company\u2019s plan to recover from the Covid-19 hit on finances.<\/p>\n\n\n\n

Goldstein has said he expects Las Vegas to continue to struggle financially until something changes the public\u2019s perception on the virus.<\/p>\n\n\n\n

Casinos in Las Vegas began reopening in June, but as Goldstein says, the city depends heavily on tourism. \u00a0<\/p>\n\n\n\n

He said LVS is expecting its Macau business to recover first. Its Macau and Singapore resorts generate about 90 per cent of the group\u2019s EBITDA, and obtain 60 per cent of their revenue from Chinese tourists.<\/p>\n\n\n\n

Goldstein welcomed the fact that mainland China\u00a0will resume issuing business, study and government related visas to travel to Macau on August 12<\/a><\/em><\/strong> but said the IVS scheme was needed to see significant change news.<\/p>\n\n\n\n

He said: \u201cIt\u2019s a step in the right direction, but not the step.\u201d To him, the main change will occur when the individual visas scheme (IVS), which a tourism travelling permits, is operational again.<\/p>\n\n\n\n

He believes the IVS will begin issuing travel authorisations for Chinese tourists \u201cin the course of the summer or fall.\u201d<\/p>\n\n\n\n

He added: \u201cIt will be slow. It will not be large steps. It will be a series of small steps leading to a full-scale IVS opening both for Guangdong and all of China at some point.\u201d<\/p>\n\n\n\n

He also said he expected Macau to recover more quickly because Chinese players and guests would not be so averse to using face masks and gloves inside casinos as some American players have been.<\/p>\n","protected":false},"excerpt":{"rendered":"

Robert Goldstein expects the resumption of the IVS scheme for Chinese tourists late in the summer or fall.<\/p>\n","protected":false},"author":2,"featured_media":8618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Las Vegas Sands President Robert Goldstein anticipates Macau's market recovery will precede Las Vegas', primarily driven by the eventual resumption of China's Individual Visit Scheme (IVS) for tourists. While acknowledging the August 12 resumption of business and study visas as a positive step, Goldstein emphasizes the IVS is critical for significant revenue recovery, given Chinese tourists account for 60% of Macau\/Singapore resort revenue and 90% of LVS's EBITDA. He projects a gradual IVS reopening through late summer or fall, noting Chinese patrons' greater comfort with health protocols within gaming venues.","focusai_entities":"Robert Goldstein, Las Vegas Sands (LVS)","focusai_location":"Macau, Las Vegas, China, Singapore, Guangdong","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IVS Impact on GGR","query":"What is the projected GGR uplift for Macau operators, specifically Las Vegas Sands, following the full-scale resumption of the Individual Visit Scheme (IVS) across all of China, considering the anticipated gradual recovery?"},{"label":"Regional Recovery Disparity","query":"How might the differing recovery trajectories between Macau and Las Vegas, as outlined by Robert Goldstein, influence Las Vegas Sands' capital allocation and operational focus in the next 12-18 months?"}],"footnotes":""},"categories":[28,16338],"tags":[1642,257],"class_list":["post-8615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-las-vegas-sands","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8615","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=8615"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8615\/revisions"}],"predecessor-version":[{"id":8619,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8615\/revisions\/8619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8618"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}