We expect the local transmission likelihood to be low,\u201d<\/strong> Bernstein said in a note. \u201cWhile it is possible an infection pops up out of this and causes a few days of disruption in Macau, an outbreak at this stage that would close Macau or significantly disrupt travel is a low probability.\u201d<\/strong><\/p><\/blockquote>\nHowever, Macau is still taking precautions. Ferry service between that SAR and Hong Kong remains suspended, and establishing a travel bubble between the two SARs remains an elusive objective. Hong Kong serves as a thoroughfare for up to 15 percent of annual visits to the gaming mecca.<\/p>\n
Gaming Data Encouraging<\/h2>\n
To this point, June was the worst month of 2021 in terms of monthly GGR in Macau. But data suggest a rebound is afoot this month. Bernstein estimates mass market GGR is up 30 percent on a month-over-month basis, while VIP hold is higher by 20 percent.<\/p>\n
For the week ending July 22, visits from neighboring Guangdong province jumped eight percent. However, there are concerns that a recent rise in COVID-19 cases in that region could stall the near-term recovery.<\/strong><\/p>\nUndoubtedly, concessionaires want to avoid that let down, because as things stand today, many analysts are wagering Macau GGR won’t return to pre-pandemic levels until 2023 or 2024, likely lagging Las Vegas in the process<\/a>. At the start of the health crisis, analysts widely speculated Macau would be the first major gaming market to rebound. But that hasn’t been the case.<\/p>\n","protected":false},"excerpt":{"rendered":"While coronavirus case counts are ticking higher in mainland China, it’s unlikely Macau authorities will revert to another casino shutdown. That’s unless there’s a major outbreak in the special administrative region (SAR). The world’s largest casino center was the first major gaming hub to implement temporary closures of gaming venues at the height of the […]<\/p>\n","protected":false},"author":46,"featured_media":180935,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\n
Macau Not Likely to Close Casinos Again Unless COVID-19 Cases Spike<\/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