were working on plans<\/a> to ease the quarantine policies. But the former’s extension of that plan is a stumbling block to rejuvenating travel between the two SARs.<\/p>\n<\/div>\nTravelers going between Hong Kong and Macau face two-week quarantines on both sides of their trips, meaning they’d spend close to a month in sequestration. Currently, the gaming hub isn’t enforcing a seclusion policy on visitors from the mainland. But those tourists face a 14-day quarantine upon returning home.<\/p>\n
\u201cNotwithstanding multiple delays and disappointments, we still hope that a \u2018Greater Bay travel bubble\u2019 arrangement could be announced soon in coming weeks (if not days). But the devil will be in the details,\u201d notes JP Morgan Securities.<\/strong><\/p>\nMore Glum Forecasts<\/h2>\n
Some research firms are saying the scant GGR generated in Macau last month was derived from a small number of players \u2013 likely high rollers \u2013 and that such a scenario creates turbulence in the data points.<\/p>\n
June gaming turnover of $89.7 million means Macau concessionaires combined to average nearly $3 million in daily revenue. With operating costs of $2 million to $3 million per day, it’s likely some operators there struggled to break even or lost money last month.<\/p>\n
The outlook for the back half of 2020 isn’t too encouraging, either. Deutsche Bank Securities forecast third-quarter Macau GGR of $5.27, while paring its full-year estimate to $16.87 billion from $19.38 billion. Should the bank’s newly reduced projection prove accurate, it’d be less than half the SAR’s full-year 2019 tally<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"Gross gaming revenue (GGR) in Macau tumbled 97 percent in June. That’s merely the latest in a series of staggering monthly declines proving the special administrative region’s (SAR) gaming-intensive economy remains hamstrung by travel controls implemented in the wake of the coronavirus pandemic. Making matters worse for Macau concessionaires is that analysts see little visibility […]<\/p>\n","protected":false},"author":46,"featured_media":140574,"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 Casinos Face Limited Visibility Regarding End of Travel Bans<\/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