• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 12 May 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
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
No Result
View All Result
IAG
No Result
View All Result

Macau operators could approach break even by end-September: Credit Suisse

Newsdesk by Newsdesk
Fri 31 Jul 2020 at 06:08
Macau operators to lose over US$1 billion in EBITDA in Q2: Morgan Stanley
57
SHARES
1.4k
VIEWS
Print Friendly, PDF & Email

The further easing of border restrictions from 12 August should see the premium end of Macau’s gaming reach 40% of pre-COVID levels, while operators will likely near break-even revenues by late September assuming the resumption of the Individual Visit Scheme.

In a Thursday note, analysts from financial services firm Credit Suisse outlined their expectations for Macau’s recovery following news out of China that non-tourist visas would be extended for all of mainland China from 12 August, mirroring the most recent easing of restrictions for Guangdong Province residents on 30 July.

“With the latest non-tourism visa policy, we expect applications for the visa to gradually increase into late August and September,” said analysts Kenneth Fong and Lok Kan Chan.

“This should help the VIP and premium mass segment to recover to ~40% of pre-COVID level, implying industry ADR (average daily revenue) [from all segments] at MOP$200 million to MOP$250 million (normal ADR is MOP$750 million to MOP$800 million).

“If the IVS is further relaxed by end of Aug, it would probably hit the MOP$300 million to MOP$350 million level by end of September.

“Roughly speaking, the casino operators would be break-even at around MOP$400 million to MOP450 million level of ADR (assuming higher mix of low margin VIP revenue in the initial phase of recovery).”

Fong and Chan noted that the easing of restrictions has so far come in a clear 14-day cycle, indicating that the next easing is likely around 26 August and should “include some form of IVS reopening in certain provinces of China.”

RelatedPosts

Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month

Macau’s concessionaires rode their luck in 1Q25 on gains in VIP segment

Sat 10 May 2025 at 11:00
Galaxy Entertainment Group names Eileen Lui Wai Ling, sister of Francis Lui, as Executive Director

Galaxy Entertainment Group names Eileen Lui Wai Ling, sister of Francis Lui, as Executive Director

Sat 10 May 2025 at 09:20
Asian gaming industry celebrates in style with largest ever The Industry Party at Vista at MGM Cotai

Asian gaming industry celebrates in style with largest ever The Industry Party at Vista at MGM Cotai

Sat 10 May 2025 at 08:48
Winds of change

Melco says working with potential buyers on bidding process for City of Dreams Manila

Fri 9 May 2025 at 06:16
Load More
Tags: border restrictionscovid-19Credit SuisseGGRIndividual Visit SchemeIVSKenneth FongMacau
Share23Share4
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 – Knife’s edge

Editorial – Knife’s edge

by Andrew W Scott and Ben Blaschke
Tue 29 Apr 2025 at 15:14

Thailand’s Entertainment Complex journey is at a critical point, with the success or failure of the initiative to be determined...

The changing face of Macau

The changing face of Macau

by Ben Blaschke
Tue 29 Apr 2025 at 15:09

Inside Asian Gaming takes a deep dive into the new, post-COVID Macau where a revenue environment that seems to be...

Born again

Born again

by Pierce Chan
Tue 29 Apr 2025 at 14:47

Premiering in September 2010 at City of Dreams, The House of Dancing Water was a visionary creation by artistic maestro...

Richard Howarth – Testing the limits

Richard Howarth – Testing the limits

by Ben Blaschke
Tue 29 Apr 2025 at 13:17

Richard Howarth, Chief Business Officer APAC for global testing laboratory GLI, discusses his career journey and his passion for fast-paced...

Evolution Asia
Aristocrat
GLI
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month

Macau’s concessionaires rode their luck in 1Q25 on gains in VIP segment

by Ben Blaschke
Sat 10 May 2025 at 11:00

Macau’s six concessionaires saw their combined gross gaming revenues rise only slightly year-on-year, by around 1%, in the first three months of 2025 and only due to playing lucky in the VIP segment. According to the summarized datasets of the...

Galaxy Entertainment Group names Eileen Lui Wai Ling, sister of Francis Lui, as Executive Director

Galaxy Entertainment Group names Eileen Lui Wai Ling, sister of Francis Lui, as Executive Director

by Pierce Chan
Sat 10 May 2025 at 09:20

Galaxy Entertainment Group (GEG) has announced the appointment of Eileen Lui Wai Ling – the company’s current Group Director of Human Resources and Administration and sister of Chairman Francis Lui – as an Executive Director with effect from 9 May...

Asian gaming industry celebrates in style with largest ever The Industry Party at Vista at MGM Cotai

Asian gaming industry celebrates in style with largest ever The Industry Party at Vista at MGM Cotai

by Newsdesk
Sat 10 May 2025 at 08:48

The Asian gaming industry celebrated in style on Thursday night as they came together for the biggest edition of The Industry Party yet. Held at Vista at MGM Cotai on the second evening of G2E Asia, around 400 people enjoyed...

Japan Credit Rating Agency affirms Konami’s A+ rating due to “high earning capacity”

Stability in Australia, North America drives 7.4% revenue growth for Konami’s gaming segment in FY25

by Newsdesk
Fri 9 May 2025 at 06:48

Global gaming supplier Konami reported a 7.4% increase in revenue in its Gaming & Systems segment to JPY42.7 billion in the year ended 31 March 2025, with operating profit up by 16.3% to JPY7.3 billion, according to financial statements published...



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

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
  • 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.

  • English