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Interview with Jennifer Song: Optimism after Chinese New Year [video]
Jennifer Song, equity analyst with Morningstar, speaks with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a key catalyst for growth.
Chinese travellers opt for short trips [Infographic]
The Lunar New Year period, which is known as the largest annual migration in the world, was a shadow of its former self, with strict rules in place to restrict the flow of Chinese outbound (and domestic) travel this year.
Macau GGR up significantly in third week of February: Bernstein
Macau's gross gambling revenue improved significantly in the third week of February, after a disappointing start to the Chinese New Year, Bernstein Research notes.
Fifth, sixth days of CNY the busiest; hotel occupancy at 48.3%
The fifth and sixth days of the Lunar New Year in Macau were the busiest, with arrivals from the Mainland up 5.3 percent and 22.8 percent year-on-year, the only days showing an increase. Hotel occupancy was at just over 48 percent.
Macau’s CNY revenues poised to disappoint
Local gaming revenues during the Chinese New Year period have actually declined when compared to January, analysts from brokerage Sanford C. Bernstein indicated in a note.
CNY visitor numbers fall short of expectations
The number of visitors to Macau during the first five days of Chinese New Year was down 70 percent compared to 2020 to 63,000, far below MGTO expectations of 100,000 visitors. The majority of visitors came from Mainland China entering through land borders.
Macau February GGR down from January levels
Macau's gross gambling revenue dropped in the first week of February to MOP1.5 billion ($189 million) due to increased travel restrictions in China, according to Bernstein Research.
Macau urges residents to stay home at CNY
Macau's health authorities are urging citizens to stay at home during the Chinese New Year, or at least restrict trips to neighbouring Guangdong Province.
Coronavirus hits industry, but underlying demand seen strong
Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation improves.
Chinese New Year celebrations cancelled over Wuhan coronavirus
Gaming analysts are scrambling to estimate the economic impact as the Wuhan coronavirus crisis escalates and all public celebrations of Chinese New Years (CNY)...
Life After POGOs – AGB Pop-Up Forum
The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
Acquiring & Retaining iGaming Customers
In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings – April 2021 Edition
In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Asia Gaming Briefings – Feb 2021 Edition
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Asia Gaming Briefings – Dec 2020 Edition
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.