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RTNominal up9.110 +0.060 (+0.663%)

11/08/2020 15:58

{I-bank focus}Macau players to gain from Zhuhai's relaxation

[ET Net News Agency, 11 August 2020] The Macau government announced Zhuhai will be the
first Chinese city to be issued with Macau tourist visas from 12 August. Jefferies
Research believes this is the first significant step to GGR recovery as it expects other
Chinese cities to follow in phases, similar to recent Guangdong phased quarantine
This is in line with Jefferies' phased IVS (individual visit scheme) issuances
expectations but slightly earlier than expected. The research house expects the sector to
react positively to this news.
After four consecutive months of >90% GGR declines, the trend continues into August with
GGR for the first nine days at MOP33M/day versus MOP783M/day in August 2019, according to
Jefferies' industry sources and checks.
VIP and Mass were lower by 94-96% and 96-98%, respectively. VIP win-rate was a normal
3%, but weekly GGR continues to fluctuate due to a statistically small number of players.

Remark: Real time quote last updated: 27/11/2020 17:59
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