{"id":9249,"date":"2020-08-22T17:01:51","date_gmt":"2020-08-22T17:01:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=9249"},"modified":"2026-04-24T02:30:34","modified_gmt":"2026-04-24T05:30:34","slug":"melco-believes-premium-markets-will-lead-recovery","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/melco-believes-premium-markets-will-lead-recovery","title":{"rendered":"Melco believes premium markets will lead recovery"},"content":{"rendered":"\n

During its earnings conference call, Melco’s chairman said the evolution of Macau\u2019s gaming sector will be gradual rather than V-shaped.<\/p>\n\n\n\n\n\n\n\n

Macau.- Melco\u2019s chairman and CEO, Lawrence Ho Yau Lung, said he expects the gaming market\u2019s financial recovery from the Covid-19 crisis to be gradual rather than not-V shaped.<\/p>\n\n\n\n

Since Zhuhai and Guangdong have begun to issue tourism visas for Macau, with the rest of the mainland China due to follow from September 23, Yau Lung said he expects to see some recovery from September onwards.<\/p>\n\n\n\n

He said: \u201c[It] is not going to be a V-shaped recovery because at the end of the day, people will still be traveling outside for the very first time. It is going to take a little bit longer than we had hoped [to reach pre-pandemic levels].”<\/p>\n\n\n\n

The executive also confirmed the operator is still interested in pursuing a bid for a casino licence in Japan\u2019s integrated resort market.<\/p>\n\n\n\n

He said: \u201cWe continue to believe that Japan represents the best new integrated resort development opportunity outside of Macau.\u201d<\/p>\n\n\n\n

During the second quarter earnings call, Ho reported an 88 per cent drop in revenues<\/a><\/em><\/strong>.<\/p>\n\n\n\n

He said Melco Resorts\u2019 were focused on the \u201cpremium mass and also the premium VIP segments,\u201d which he expects will lead market the recovery.<\/p>\n\n\n\n

The company\u2019s chief operating officer David Sisk, said: \u201cWhile the visitation is a bit better in the properties, it\u2019s still really light, and we\u2019re coming off an incredibly low number.\u201d<\/p>\n\n\n\n

Visits to Macau grew almost 300 per cent<\/a><\/em><\/strong> month-to-month in July, but are still way below the 3.5 million visitors received in the same month the previous year.<\/p>\n\n\n\n

Melco that it expects to break even in terms of EBITDA when it reaches approximately between 30 and 35 per cent of historical gaming levels.<\/p>\n","protected":false},"excerpt":{"rendered":"

During its earnings conference call, Melco’s chairman said the evolution of Macau\u2019s gaming sector will be gradual rather than V-shaped.<\/p>\n","protected":false},"author":2,"featured_media":9251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco's Chairman and CEO, Lawrence Ho, projects a gradual, non-V-shaped recovery for Macau's gaming market, driven by the phased resumption of tourism visas from mainland China. Despite an 88% Q2 revenue drop, Melco is targeting premium mass and VIP segments for recovery and remains committed to pursuing an integrated resort license in Japan.","focusai_entities":"Melco, Lawrence Ho Yau Lung, Melco Resorts, David Sisk","focusai_location":"Macau, Zhuhai, Guangdong, China, Japan","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Timeline","query":"What specific GGR growth trajectory does Melco project for Macau's premium mass and VIP segments, and what regulatory or logistical milestones are critical for achieving the 30-35% historical gaming level EBITDA break-even?"},{"label":"Japan IR Bid Strategy","query":"How does Melco's capital allocation strategy for a potential Japan IR bid align with its current financial performance and the projected gradual recovery in Macau, particularly regarding competitive landscape and regulatory requirements?"}],"footnotes":""},"categories":[16338,163],"tags":[20778,257,665],"class_list":["post-9249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-financial-results","tag-macau","tag-melco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9249","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=9249"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9249\/revisions"}],"predecessor-version":[{"id":9272,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9249\/revisions\/9272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9251"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}