\u201cForecasts for the near-term (i.e. 1H 2020) are largely guesses at this time, with the biggest variables being when casinos reopen, and even more importantly, when travel restrictions from China will be lifted,\u201d said the Bernstein analysts.<\/strong><\/p>\nLooking Ahead<\/h2>\n
For now, operators on the peninsula have no choice but to look ahead, because it’s becoming apparent that first-quarter results will be dismal. Heading into 2020, conventional wisdom dictated that the second half of the year would be stronger than the first six months for Macau’s gaming industry.<\/p>\n
\u201cWe see a solid recovery in place in 2H, followed by a strong 2021,\u201d notes Bernstein.<\/p>\n
There is some favorable history on Macau’s side, as it was able to fight through the 2003 SARS and 2009 swine flu epidemics and realize increased gaming revenue in the aftermath of those events. For Macau, the near-term keys to getting back on track are reopening casinos and Beijing lifting the individual visit scheme (IVS) halt because mainland China is the primary source of gamblers<\/a> for the peninsula.<\/p>\n","protected":false},"excerpt":{"rendered":"Analyst estimates on February gross gaming revenue (GGR) in Macau aren’t improving. They’re getting worse, as casinos there remain closed in an effort to dampen the spread of the new coronavirus from China. In a recent note to clients, Bernstein estimated the world’s largest gaming center could experience a staggering 95 percent decline in GGR […]<\/p>\n","protected":false},"author":46,"featured_media":126691,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Macau February GGR Cruising Toward Epic Collapse, Say Analysts<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n