proposed travel bubble<\/a> between Macau, Guangdong, and Hong Kong is proving slow to get off the ground. That’s because the gaming center is more motivated to reopen borders, while the other regions are taking a more pragmatic approach.<\/p>\n<\/div>\nAs another example, Taiwan \u2013- the third-largest contributor of Macau visitors after China and Hong Kong \u2013- isn’t swiftly moving to relax travel controls with the gaming hub because its economy is sound and its coronavirus case count is just 449, among the lowest in the region.<\/p>\n
Banking on a Bubble<\/h2>\n
Over the course of the coronavirus pandemic, analysts frequently say that if Guangdong reopens its border with Macau, other provinces would quickly do the same, potentially leading to the long-awaited GGR rebound.<\/p>\n
\u201cWe have found that the majority of gamblers are local residents in this period, so we have almost touched the bottom,\u201d <\/strong>said Fong. \u201cI hope Macau can establish a travel bubble with nearby regions.\u201d<\/strong><\/p>\nConcessionaires believe there’s pent-up demand among gamblers throughout Asia. Some analysts project Macau’s gaming sector will recover more rapidly than its US counterpart when border controls are lifted.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau legislator Davis Ka Chio Fong believes gross gaming revenue (GGR) on the peninsula will bounce back to $750 million to $1.25 billion on a monthly basis when Guangdong Province reopens its border with the gaming center. At the midpoint of that estimate, that’s $1 billion, or more than 11 times more than the paltry […]<\/p>\n","protected":false},"author":46,"featured_media":140791,"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 Monthly GGR Could Bounce Back to $1 Billion With Help<\/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