Fewer than 10,000 foreign tourists visited South Korea each month once the coronavirus pandemic began last April.
The Primorye gambling zone saw a 24 percent drop in resort attendance in 2020 due to the pandemic, but authorities are optimistic about the future and have no intention of changing the long-term plans for the hub.
The last two of Macau’s operators released Q4 results on Thursday, with both returning to profit at the EBITDA-level and expressing confidence in the market recovery.
Genting Singapore says it's considering major design changes to the expansion plans for Resorts World Sentosa to take account of new health and safety requirements and the changing dynamics of the VIP market.
Information from the Statistics and Census Service (DSEC) indicated that the number of visitors to Macau in January 2021 dropped by 15.6 percent month-to-month to 556,765, which also represented a year-on-year decline of 80.5 percent.
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 gross gambling revenue dropped 63.7 percent in January, better than analysts had been expecting after renewed Covid-19 clusters on Mainland China slowed visitation later in the month.
Tim McNally checks in with Asia Gaming Brief Asia editor Felix Ng to discuss the moves that NagaCorp has been making to offset the decline in international visitation this year. McNally also comments on NagaCorp’s initial thoughts on the China Tourism...
The simplification of visa procedures for Chinese visitors is key to drive a more robust recovery in Macau, where this year’s Golden Week figures proved disappointing, according to a note from Bernstein Research.
A sign Beijing is once again ramping up its anti-corruption rhetoric, combined with an increased focus on capital outflows are likely to be further factors hindering recovery in Macau, analysts said.
The “worst” of the crisis may be over for Resorts World Genting, with a significant improvement in visitation since it reopened three months ago, RHB Research said in a note.
Hotel occupancy rates in the run up to and during the Golden Week holiday are seeing “meaningful” improvement, but average daily rates remain weak, Morgan Stanley says in a note.
Donaco International said it has seen “significant progress” in moves towards reopening borders in Southeast Asia and its two casinos will be ready to resume operations as soon as the situation warrants.
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