According to a professor and tourism expert, Macau will recover from the impact of the Covid-19 pandemic faster than Las Vegas.<\/p>\n\n\n\n\n\n\n\n
Macau.- The gaming sector in Macau is likely to recover faster than Las Vegas, according to University of Macau professor Glenn McCartney.<\/p>\n\n\n\n
During a talk at the British Chamber of Commerce in Macao, the tourism researcher said: \u201cI say that because Macau will catch up. Nevada has its problems with Covid-19 breakouts and having to close down some hospitality areas. Macau has been very cautious on its step-by-step recovery, and I think that will pay off in the medium to longer term. In that regard, recovery will be faster.\u201d<\/p>\n\n\n\n
\u201cIf I\u2019ve seen anything about the Macau casino data in the last decade is its ability to get revenues back quicker thanks to the Chinese market [\u2026] It will take a few months, but you will soon see the leaps and bounds of revenue,” he added.<\/p>\n\n\n\n
Las Vegas casinos reopened on June 4, but in the first month since reopening, gaming revenues for the Nevada state remained down by 45.5 percent to US $566.8 million.<\/p>\n\n\n\n
Casinos in Macau faced only a 15-day shutdown in February but border restrictions with Guangdong province continue to impede a recovery of revenue.<\/p>\n\n\n\n
Starting from August 12, mainland Chinese authorities will resume issuing some visas, allowing the entry of mainland residents to the Macau SAR, but tourism visas, including the individual travel visa, will not yet resume.<\/p>\n\n\n\n
Professor McCartney said that a resumption of the Individual Visit Scheme (IVS visa) for Guangdong visitors would be a precious step towards recovery for the gaming sector.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to a professor and tourism expert, Macau will recover from the impact of the Covid-19 pandemic faster than Las Vegas.<\/p>\n","protected":false},"author":2,"featured_media":8758,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A tourism expert projects Macau's gaming sector will recover faster than Las Vegas due to its cautious COVID-19 response and strong reliance on the Chinese market. While border restrictions with Guangdong province currently impede revenue, the resumption of some mainland Chinese visas, particularly the Individual Visit Scheme, is deemed crucial for accelerating GGR recovery.","focusai_entities":"Glenn McCartney, University of Macau, British Chamber of Commerce in Macao","focusai_location":"Macau, Las Vegas, Nevada, Guangdong, China","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), operator_casino (0.95), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"IVS Visa Impact","query":"What specific GGR uplift is projected for Macau's gaming sector upon the full resumption of the Individual Visit Scheme (IVS) for Guangdong residents, and how does this compare to pre-pandemic levels?"},{"label":"Regional Recovery Metrics","query":"Beyond GGR, what other key performance indicators (e.g., visitation, non-gaming revenue, hotel occupancy) are critical for assessing the comparative recovery trajectories of Macau versus Las Vegas?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[257],"class_list":["post-8756","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\/8756","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=8756"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8756\/revisions"}],"predecessor-version":[{"id":8765,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8756\/revisions\/8765"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8758"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}