to be a small hurdle<\/a> for Macau operators, markets aren’t yet agreeing. Despite jumping almost two percent last Friday, LVS shares shed nearly three percent last week, and the MSCI Hong Kong Index is lower by 11.5 percent this month.<\/p>\nNot Much Of A Slowdown<\/h2>\n
JPMorgan acknowledged that getting a handle on Macau’s August GGR at this point is difficult. But the analysts noted there hasn’t been a slowdown in foot traffic at the peninsula’s gaming properties commensurate with significant geopolitical headwinds.<\/span><\/p>\n\u201cOur on-the-ground checks suggest that there has not been a discernible slowdown in casino traffic yet (though this could be due to strong seasonality, given the summer holiday), while actual GGR impact is difficult for us to check,\u201d said the bank.<\/span><\/strong><\/p>\nMacau tourism officials acknowledge the region’s tourism trade is vulnerable to a slew of external factors, including those of the geopolitical variety. But they concur that casino visits have been steady this month.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Intensifying protests in Hong Kong that now span multiple months and last week forced the closure of the international airport are one reason shares of gaming companies with Macau exposure recently tumbled. But JPMorgan forecasts only a modest impact on gross gaming revenue (GGR) at the world’s richest casino center. Amid escalating trade tensions between […]<\/p>\n","protected":false},"author":46,"featured_media":112554,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\n
Macau Gaming Revenue May Not be Hurt Much by Hong Kong Protests<\/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