{"id":33,"date":"2024-06-11T12:50:38","date_gmt":"2024-06-11T09:50:38","guid":{"rendered":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/"},"modified":"2024-06-12T10:48:21","modified_gmt":"2024-06-12T07:48:21","slug":"macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes","status":"publish","type":"post","link":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/","title":{"rendered":"Macau Gaming Recovery Not Expected Until 2023 Amidst Ongoing Pandemic Woes"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/vOaHBlZgtO0\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A Jefferies Group expert posits that Macau&#8217;s gaming sector won&#8217;t completely rebound until 2023. The global health crisis severely impacted Macau, as stringent travel limitations and commercial shutdowns crippled the gambling sector, the region&#8217;s economic engine. The effects have reverberated throughout Macau&#8217;s economy, with joblessness skyrocketing to levels unseen since 2009. <\/p>\n<p>Data published earlier this month illustrated the severity of the situation: July&#8217;s gaming income plummeted by a massive 95% compared to the same period last year, signifying the most significant year-over-year decrease since the health crisis commenced. The actual revenue amount &#8211; 3.98 billion patacas &#8211; constitutes an 84% plunge compared to June&#8217;s figures.<\/p>\n<p>The expert, Andrew Lee, suggests that visitor counts will stay depressed for the foreseeable future as individuals remain apprehensive about additional lockdowns and travel limitations. His projection is even more bleak than that of Ben Lee, a managing partner at IGamiX Management &#038; Consulting, who, while anticipating &#8220;dreadful&#8221; outcomes for July and August, believes a resurgence could transpire sooner.<\/p>\n<p>Although casinos resumed operations in July, they are subject to rigorous operational constraints, including caps on the number of staff and patrons permitted inside concurrently.  Given that travel to and from mainland China \u2013 the origin of the vast majority of gamblers in Macau \u2013 remains restricted, customer numbers are a mere fraction of pre-pandemic levels. <\/p>\n<p>The gambling sector in Macau suffered a significant downturn in the April-June period of 2022, as pandemic-related limitations continued to affect the area. MGM China saw its income drop sharply by almost half, while Melco Resorts &#038; Entertainment faced a nearly identical decrease. Studio City, a branch of Melco, announced a particularly staggering deficit of $1.9 million. The firm admitted that the consequences of the health crisis will persist in significantly burdening its activities, financial standing, and outlook for the July-September quarter of 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Jefferies Group expert posits that Macau&#8217;s gaming sector won&#8217;t completely rebound until 2023. The global health crisis severely impacted Macau, as stringent travel limitations and commercial shutdowns crippled the gambling sector, the region&#8217;s economic engine. The effects have reverberated throughout Macau&#8217;s economy, with joblessness skyrocketing to levels unseen since 2009. Data published earlier this [&hellip;]<\/p>\n","protected":false},"author":99,"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 Gaming: When Will the Recovery Gamble Pay Off?<\/title>\n<meta name=\"description\" content=\"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:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau Gaming Recovery Not Expected Until 2023 Amidst Ongoing Pandemic Woes\" \/>\n<meta property=\"og:description\" content=\"Macau\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Power of Secure &amp; Licensed Online Casino Gaming\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-11T09:50:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T07:48:21+00:00\" \/>\n<meta name=\"author\" content=\"Elias &quot;Echo&quot; Hooper\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elias &quot;Echo&quot; Hooper\" \/>\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:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/\",\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/\",\"name\":\"Macau Gaming: When Will the Recovery Gamble Pay Off?\",\"isPartOf\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-11T09:50:38+00:00\",\"dateModified\":\"2024-06-12T07:48:21+00:00\",\"author\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#\/schema\/person\/896027de51118452b4482b2b1e4d4b2f\"},\"description\":\"Macau\",\"breadcrumb\":{\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/11\/macau-gaming-recovery-not-expected-until-2023-amidst-ongoing-pandemic-woes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/ozwincasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Macau Gaming Recovery Not Expected Until 2023 Amidst Ongoing Pandemic Woes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ozwincasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/ozwincasinonodepositbonus.icu\/\",\"name\":\"Discover the Power of Secure &amp; Licensed Online Casino Gaming\",\"description\":\"Discover the dynamic world of online gambling through our regularly updated news, honest game reviews, and informative insights. 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