extended to July 7<\/a> a 14-day quarantine policy for anyone arriving there from Macau. Mainland China, Hong Kong, and Taiwan combine for about nine of every 10 visitors to Macau.<\/p>\n<\/div>\n\u201cGuangdong, Macau, and Hong Kong have discussed allowing cross-border travels with mutually recognized health-monitoring measures, so the potential convenience of that would be a positive for Macau gaming, though timing is unclear,\u201d said Farley.<\/p>\n
Guangdong is the mainland province nearest to Macau. Experts believe if that province relaxes travel restrictions with the gaming hub, other mainland regions will rapidly follow suit<\/strong>.<\/p>\nSome Good News<\/h2>\n
There are some indicators that Macau gaming numbers will bounce back later this year. For example, VIP traffic is somewhat steady on the peninsula, and there’s belief that Chinese gamblers won’t venture far from home in the coming month.<\/p>\n
Farley, the UBS analyst, says the combination of travel bans and no COVID-19 vaccine will keep Chinese gamblers away from other markets, such as Las Vegas and Singapore, which is to the benefit of Macau operators<\/strong>.<\/p>\nShe also highlighted the strong cash positions of Macau concessionaires, noting most have ample cash on hand and access to more capital, if needed, to endure what’s now a trying operating environment. As just two examples of lenders’ willingness to work with Macau gaming companies, MGM China recently secured a $503 million credit revolver<\/a>, while Sands China, the biggest Macau operator, said earlier this week it’s selling $1.5 billion worth of debt. Of that total, $800 million comes due in 2026, with the remainder maturing in 2030.<\/p>\n","protected":false},"excerpt":{"rendered":"UBS is revising lower its 2020 gross gaming revenue (GGR) forecast for Macau nearly four months after the coronavirus forced a 15-day shutdown of casinos there. In a recent note to clients, UBS analyst Robin Farley projects a 44 percent decline in revenue this year for the world’s largest gaming center, down from a prior […]<\/p>\n","protected":false},"author":46,"featured_media":137968,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
UBS Cuts 2020 Macau GGR Forecast, Sees 44 Percent Drop<\/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