{"id":154,"date":"2024-06-17T03:22:15","date_gmt":"2024-06-17T00:22:15","guid":{"rendered":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/"},"modified":"2024-06-20T17:02:13","modified_gmt":"2024-06-20T14:02:13","slug":"macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question","status":"publish","type":"post","link":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/","title":{"rendered":"Macau Gaming Sector Faces Long Road to Recovery With 2023 Rebound in Question"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/z5zUBvVhnT4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A Jefferies expert suggests that Macau&#8217;s gaming sector may not experience a complete financial rebound until 2023.<\/p>\n<p>The COVID-19 outbreak severely impacted Macau&#8217;s casinos. The government&#8217;s stringent travel limitations and enforced business shutdowns resulted in a significant surge in unemployment, reaching levels unseen since 2009. <\/p>\n<p>Statistics published earlier this month revealed a staggering 95% year-over-year plunge in gaming income for July, representing the most substantial single-month decrease since the pandemic&#8217;s onset. Total gaming revenue for July amounted to a meager 3.98 billion patacas (approximately $493 million), reflecting an 84% decline from the preceding month.<\/p>\n<p>Analyst Andrew Lee proposes that visitor counts to Macau will stay low due to apprehensions regarding additional restrictions. He projects that the region won&#8217;t fully recuperate until 2023. This outlook is more downbeat than that of Ben Lee, a managing partner at IGamiX Management &#038; Consulting, who anticipates a similarly bleak August succeeding July&#8217;s abysmal performance.<\/p>\n<p>Although casinos resumed operations in July, they encounter stringent constraints, encompassing limitations on personnel and patrons. Travel between Macau and mainland China also persists as restricted, severely affecting the influx of tourists and gamblers. <\/p>\n<p>The Macau gaming sector experienced a significant decline in the second quarter of 2022 due to stringent Covid limitations. MGM China saw its income nearly halved, plummeting by 46%, while Melco Resorts &#038; Entertainment faced a similar fate with a 48% decrease. Studio City, a Melco affiliate, suffered the most, posting a $1.9 million deficit.  With the ongoing pandemic continuing to impact their business and economic outlook, they are already cautioning stakeholders to anticipate a challenging third quarter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Jefferies expert suggests that Macau&#8217;s gaming sector may not experience a complete financial rebound until 2023. The COVID-19 outbreak severely impacted Macau&#8217;s casinos. The government&#8217;s stringent travel limitations and&hellip;<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macau Casinos: 2023 Rebound? Not So Fast, Says Expert<\/title>\n<meta name=\"description\" content=\"Will Macau\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau Gaming Sector Faces Long Road to Recovery With 2023 Rebound in Question\" \/>\n<meta property=\"og:description\" content=\"Will Macau\" \/>\n<meta property=\"og:url\" content=\"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Gateway to a World of Licensed Online Casino Entertainment\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-17T00:22:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-20T14:02:13+00:00\" \/>\n<meta name=\"author\" content=\"Abigail &quot;Astra&quot; Reyes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abigail &quot;Astra&quot; Reyes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/\",\"url\":\"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/\",\"name\":\"Macau Casinos: 2023 Rebound? Not So Fast, Says Expert\",\"isPartOf\":{\"@id\":\"https:\/\/secretnodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-17T00:22:15+00:00\",\"dateModified\":\"2024-06-20T14:02:13+00:00\",\"author\":{\"@id\":\"https:\/\/secretnodepositbonuscodes.icu\/#\/schema\/person\/ab6aa937f081d2e8d0df2e05267a094f\"},\"description\":\"Will Macau\",\"breadcrumb\":{\"@id\":\"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/secretnodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Macau Gaming Sector Faces Long Road to Recovery With 2023 Rebound in Question\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/secretnodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/secretnodepositbonuscodes.icu\/\",\"name\":\"Your Gateway to a World of Licensed Online Casino Entertainment\",\"description\":\"Experience the thrill of licensed online gambling with our up-to-date news, in-depth reviews, and expert articles. Stay informed and maximize your gaming experience at our casino.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/secretnodepositbonuscodes.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/secretnodepositbonuscodes.icu\/#\/schema\/person\/ab6aa937f081d2e8d0df2e05267a094f\",\"name\":\"Abigail \\\"Astra\\\" Reyes\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/secretnodepositbonuscodes.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secretnodepositbonuscodes.icu\/wp-content\/uploads\/sites\/31\/2024\/06\/woman-avatar-96x96.png\",\"contentUrl\":\"https:\/\/secretnodepositbonuscodes.icu\/wp-content\/uploads\/sites\/31\/2024\/06\/woman-avatar-96x96.png\",\"caption\":\"Abigail \\\"Astra\\\" Reyes\"},\"description\":\"Holding a Ph.D. in Operations Research and a Master's in Supply Chain Management, this accomplished author has extensive experience in the application of optimization techniques to the design and management of casino supply chains. They have expertise in inventory optimization, network design, and logistics planning, which they use to develop efficient and cost-effective solutions for casino operations. Their articles and reviews provide readers with insights into the latest trends and best practices in casino supply chain management and the strategies used to improve operational efficiency and customer service.\",\"url\":\"https:\/\/secretnodepositbonuscodes.icu\/author\/qdcze\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Macau Casinos: 2023 Rebound? Not So Fast, Says Expert","description":"Will Macau","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/","og_locale":"en_GB","og_type":"article","og_title":"Macau Gaming Sector Faces Long Road to Recovery With 2023 Rebound in Question","og_description":"Will Macau","og_url":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/","og_site_name":"Your Gateway to a World of Licensed Online Casino Entertainment","article_published_time":"2024-06-17T00:22:15+00:00","article_modified_time":"2024-06-20T14:02:13+00:00","author":"Abigail \"Astra\" Reyes","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Abigail \"Astra\" Reyes","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/","url":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/","name":"Macau Casinos: 2023 Rebound? Not So Fast, Says Expert","isPartOf":{"@id":"https:\/\/secretnodepositbonuscodes.icu\/#website"},"datePublished":"2024-06-17T00:22:15+00:00","dateModified":"2024-06-20T14:02:13+00:00","author":{"@id":"https:\/\/secretnodepositbonuscodes.icu\/#\/schema\/person\/ab6aa937f081d2e8d0df2e05267a094f"},"description":"Will Macau","breadcrumb":{"@id":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/secretnodepositbonuscodes.icu\/2024\/06\/17\/macau-gaming-sector-faces-long-road-to-recovery-with-2023-rebound-in-question\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/secretnodepositbonuscodes.icu\/"},{"@type":"ListItem","position":2,"name":"Macau Gaming Sector Faces Long Road to Recovery With 2023 Rebound in Question"}]},{"@type":"WebSite","@id":"https:\/\/secretnodepositbonuscodes.icu\/#website","url":"https:\/\/secretnodepositbonuscodes.icu\/","name":"Your Gateway to a World of Licensed Online Casino Entertainment","description":"Experience the thrill of licensed online gambling with our up-to-date news, in-depth reviews, and expert articles. Stay informed and maximize your gaming experience at our casino.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/secretnodepositbonuscodes.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/secretnodepositbonuscodes.icu\/#\/schema\/person\/ab6aa937f081d2e8d0df2e05267a094f","name":"Abigail \"Astra\" Reyes","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/secretnodepositbonuscodes.icu\/#\/schema\/person\/image\/","url":"https:\/\/secretnodepositbonuscodes.icu\/wp-content\/uploads\/sites\/31\/2024\/06\/woman-avatar-96x96.png","contentUrl":"https:\/\/secretnodepositbonuscodes.icu\/wp-content\/uploads\/sites\/31\/2024\/06\/woman-avatar-96x96.png","caption":"Abigail \"Astra\" Reyes"},"description":"Holding a Ph.D. in Operations Research and a Master's in Supply Chain Management, this accomplished author has extensive experience in the application of optimization techniques to the design and management of casino supply chains. They have expertise in inventory optimization, network design, and logistics planning, which they use to develop efficient and cost-effective solutions for casino operations. Their articles and reviews provide readers with insights into the latest trends and best practices in casino supply chain management and the strategies used to improve operational efficiency and customer service.","url":"https:\/\/secretnodepositbonuscodes.icu\/author\/qdcze\/"}]}},"_links":{"self":[{"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/154"}],"collection":[{"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/comments?post=154"}],"version-history":[{"count":1,"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/154\/revisions"}],"predecessor-version":[{"id":164,"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/154\/revisions\/164"}],"wp:attachment":[{"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/media?parent=154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/categories?post=154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secretnodepositbonuscodes.icu\/wp-json\/wp\/v2\/tags?post=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}