\u201cWith higher travel restrictions, we expect part of this business to come back to Macau,\u201d said the Morgan Stanley analysts.<\/strong><\/p>\nEarnings Outlook<\/h2>\n
Adding to the good news for Macau operators is that cost efficiencies realized during the pandemic are likely to matriculate to bottom lines. Morgan Stanley estimates that a roughly four percent cut in costs could boost gaming companies’ Macau earnings before interest, taxes, depreciation and amortization (EBITDA) by 15 percent in 2022.<\/p>\n
The resumption of normal mass market is pivotal for Macau concessionaires, because Morgan Stanley estimates that in 2019, that segment drove almost $22 billion of GGR. That’s more than seven times the rate seen in Singapore, the next largest Asia-Pacific market for mass players.<\/strong><\/p>\nThe next catalyst for Macau is likely the resumption of e-visa applications for the Individual Visit Scheme (IVS). That’s the visa most citizens of mainland China use to visit the SAR. Without electronic applications, would-be tourists must apply in person and are subject to multi-week wait times — factors that are hindering the gaming center’s recovery.<\/p>\n","protected":false},"excerpt":{"rendered":"
Other Asia-Pacific gaming markets are likely to cede market share to Macau next year, as Chinese gamblers and tourists head back to the special administrative region (SAR). Analysts at Morgan Stanley believe that business will return as regional travel restrictions ease. Mass market slots and table game players that in years past would have visited […]<\/p>\n","protected":false},"author":46,"featured_media":167784,"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 Will Pilfer Mass Market Business from Competing Markets in 2022<\/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