Analysts at Sandford C. Bernstein predict a recovery from September onwards for gaming operators with stronger premium segments.<\/p>\n\n\n\n\n\n\n\n
Macau.- According to analysts at Sandford C. Bernstein, gaming operators with stronger premium segments are more likely to perform well in the earlier stage of local recovery, as the usual volume of mass customers will take time to recover.<\/p>\n\n\n\n
Bernstein predicts that September will see the start of a recovery in revenues, and that fourth quarter results will be \u2018be more than enough\u2019 to achieve EBITDA breakeven.<\/p>\n\n\n\n
The brokerage expects 2020 to conclude with a 71 per cent total year-on-year drop in gross gaming revenues, followed by a robust recovery in 2021.<\/p>\n\n\n\n
The brokerage wrote: “While the rising tide lifts all boats, Melco and Wynn Macau should seize greater advantage early in the recovery as high-end VIP and premium mass customers with pent up demand and easier ability to travel should come back first. While increasing volume of visitors will the masses, the recovery in mass and lower-end premium will take more time.”<\/p>\n\n\n\n
With the resumption of visas and the loosening of border restrictions, daily average tourist entries to Macau has slowly climbed to almost 10,000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Analysts at Sandford C. Bernstein predict a recovery from September onwards for gaming operators with stronger premium segments.<\/p>\n","protected":false},"author":2,"featured_media":9490,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Analysts at Sandford C. Bernstein project a Q4 2020 EBITDA breakeven for Macau's gaming operators, driven by a recovery commencing in September. This recovery is anticipated to be led by the premium segments, with Melco and Wynn Macau positioned for early advantage, while mass market volume will lag. The brokerage forecasts a 71% year-on-year decline in 2020 Gross Gaming Revenues, followed by a robust rebound in 2021.","focusai_entities":"Sandford C. Bernstein, Melco, Wynn Macau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Policy Impact on Mass?","query":"What specific regulatory or visa policy adjustments are anticipated to be most impactful in accelerating the recovery of the mass market segment in Macau?"},{"label":"Competitive Shift Analysis?","query":"How might the sustained outperformance of premium segments alter the long-term competitive dynamics and investment priorities among Macau's concessionaires?"}],"footnotes":""},"categories":[160,28,16338],"tags":[257],"class_list":["post-9488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9488","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=9488"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9488\/revisions"}],"predecessor-version":[{"id":9499,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9488\/revisions\/9499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9490"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}