With visitor volume remaining greatly suppressed from pre-pandemic levels, Macau casino operators began 2022 with not much of a bang.<\/p>\n
Analysts at Bernstein report from their weekly casino checks that GGR slowed by more than eight percent over the past week. That’s compared with the first week and a half of 2022. The financial services outlet says the casinos were likely generating GGR of around $33.2 million per day between January 1-9. But that decreased to approximately $30.5 million daily for the week of January 10-16.<\/p>\n
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Bernstein says the slowdown is a result of an all-too-common problem — fewer visitors as a result of “zero-COVID.” Macau recently adjusted the time frame validity of negative COVID-19 tests from 72 hours to 48 hours. Further outbreaks in the Greater Bay Area are leading to test results being restricted to only 24 hours, effective January 16.<\/p>\n<\/div>\n
Bernstein says the test changes and escalating threat of Macau closing its borders entirely led to a 40 percent visitor drop over the past week from early January.<\/p>\n","protected":false},"excerpt":{"rendered":"
China is expected to maintain its “zero-COVID” policy approach to battling the ongoing pandemic through most of 2022. That’s according to a recent note from financial services firm Jefferies. China’s strict policy that requires the implementation of severe operating limitations on most nonessential businesses when COVID-19 outbreaks occur has greatly limited the recovery of Macau’s […]<\/p>\n","protected":false},"author":25,"featured_media":198271,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,81881],"tags":[],"acf":[],"yoast_head":"\n
China 'Zero-COVID' Policy Response Expected to Remain Through 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