• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 23 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Casinos to open but customers still some time away: analysts

Newsdesk by Newsdesk
Mon 17 Feb 2020 at 20:06
Macau’s casinos eerily quiet as 15-day closure begins
63
SHARES
1.3k
VIEWS
Print Friendly, PDF & Email

Macau’s gaming industry is poised to take its first steps towards normality on Thursday when the government’s mandated 15-day closure of casinos comes to an end, but don’t expect customers to return anytime soon.

While concerns over a possible extension to the closure order were allayed on Monday with the news that casinos would be allowed to re-open from midnight on 20 February, there has been no such lifting of the entry restrictions that have seen Macau’s visitor numbers plummet to record lows, with Bernstein analysts still estimating a year-on-year decline in Q1 GGR of between 50% and 60%.

“Even with the casinos reopening, there will still be a dearth of customers,” the brokerage warned in a note published shortly after the government’s announcement.

“The suspension of group travel and IVS visa issuance eliminates the largest source of customers. Until the suspensions are lifted, most mainland Chinese customers will not be able to enter Macau.

“There is no clarity at this time from China [as to] when such travel may begin to be permitted. Visitation is only a mere trickle out of mainland China.”

It seems unlikely that all 39 operational Macau casinos will open their doors this week, with the government offering operators the option to apply for a single 30-day extension should they require more time to prepare. According to Bernstein’s Vitaly Umansky, Eunice Lee and Kelsey Zhu, the measure is understood to be a compromise given that some operators were pushing to re-open while others preferred to stay closed given modest business expectations.

Either way, the analysts reiterated their view that “Q1 is obviously going to show awful results.

“Assuming a 2-week shutdown followed by some soft business resuming in late February and March, Q1 could show a GGR year-on-year decline of ~50%,” they said. “Continued softness through the rest of Q1 (if visa issuance is not resumed) could lead to GGR decline of 60%+. The result will largely be dependent on resumption of the issuance of visas and transport connectivity.”

RelatedPosts

Thailand casino regulator to be based in Bangkok as governance structure outlined

Latest survey shows majority of Thais still against casino resorts despite fewer voicing opposition

Mon 23 Jun 2025 at 05:33
South Shore shareholders convene SGM to vote on winding up of the company

Troubled Macau hotel THE 13 said to have sold for US$51 million

Sun 22 Jun 2025 at 19:12
Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

Sun 22 Jun 2025 at 18:56
Macau welcomes record 993,117 visitors during seven-day Golden Week holiday

Macau visitor arrivals up 25.3% year-on-year to 3,372,081 in May

Sun 22 Jun 2025 at 18:04
Load More
Tags: BernsteinbordercasinosChinaCotaiGamingGGRIVSMacaureopenSecretary for Economy and Financevisa restrictions
Share32Share4
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Thailand casino regulator to be based in Bangkok as governance structure outlined

Latest survey shows majority of Thais still against casino resorts despite fewer voicing opposition

by Newsdesk
Mon 23 Jun 2025 at 05:33

A majority of Thais still oppose the development of entertainment complexes (ECs) with casinos, according to a new poll by the National Institute of Development Administration (NIDA). However, the number of respondents to voice outright opposition to both has fallen...

South Shore shareholders convene SGM to vote on winding up of the company

Troubled Macau hotel THE 13 said to have sold for US$51 million

by Pierce Chan
Sun 22 Jun 2025 at 19:12

Long-troubled Macau hotel THE 13 has been purchased for HK$400 million (US$51 million), according to Hong Kong media reports. THE 13, originally envisioned as an uber-luxury hotel and casino before its construction was plagued by financial woes, was first put...

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

by Pierce Chan
Sun 22 Jun 2025 at 18:56

A number of businesses located in Macau's Zona Nova de Aterros do Porto Exterior (NAPE) held a joint press conference late Sunday calling on the government and related gaming concessionaires to suspend their decision to close the city’s satellite casinos....

Macau welcomes record 993,117 visitors during seven-day Golden Week holiday

Macau visitor arrivals up 25.3% year-on-year to 3,372,081 in May

by Pierce Chan
Sun 22 Jun 2025 at 18:04

Benefiting from the May Day Golden Week holiday, Macau recorded 3,372,081 visitors in May, representing a year-on-year increase of 25.3%. According to data from the Statistics and Census Service, the number of visitors from mainland China increased by 31.4% year-on-year...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語