• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Eligible PRC citizens denied entry at Macau border: Daiwa

Feb 10, 2015 Newsdesk Latest News, Macau, Top of the deck  


Eligible PRC citizens denied entry at Macau border: Daiwa

Increased scrutiny of Chinese travellers at border crossings into Macau is one of several factors likely to produce weak gaming revenue in the casino city during Chinese New Year, said a note from Daiwa Securities Group Inc.

“Since the further tightening of rules on transit visas in January, crossing the border has become increasingly difficult, with some eligible travellers apparently waiting in line for over three hours before being denied entry. We expect this increased scrutiny to have an adverse impact on Macau’s frequent customers,” wrote Daiwa analysts Jamie Soo and Adrian Chan in a note on Monday.

They added that Macau sources had indicated that – unlike in previous Chinese New Year holidays – the city’s casino dealers have not been put on standby to work mandatory overtime. They think rolling chip volume for VIP play could fall by as much as 50 percent year-on-year in February, following a four-year low for rolling in January. The Daiwa team also think more junkets could close after the holidays.

“Our take on the leading indicators observed during our recent visit to Macau is that the key Lunar New Year period will be marked by poor liquidity, a decline in player quality, and a drop in frequent customers,” added Daiwa. It was referring to ease of access to credit for VIP gamblers – or to cash for mass-market players – and by “player quality” the amount they drop at the tables or slots when they get to Macau.

“Forward hotel bookings, a good leading indicator of gaming demand, have fallen. In the VIP segment, some large junket operators have reduced their forward hotel bookings by as much as 50 percent compared with 2014 October Golden Week,” said the analysts, referring to another peak holiday period in China that marks National Day.

“For the mass market, [hotel] occupancy rates are likely to remain high, albeit supported by progressive cuts to the operators’ ‘comps’ (complimentary rooms and services) policies in the run-up to the Lunar New Year. Anecdotally, the comp requirements have fallen below the level of Golden Week in October 2014, which implies to us that the quality of visitors has worsened since the last lacklustre peak season,” added the Daiwa team.


  • tweet
Related articles
  • Two junkets now working at Galaxy Macau VIP gaming zone
    Two junkets now working at Galaxy Macau...

    Sep 07, 2023  

  • July occupancy 94pct at Macau 5-star hotels: govt
    July occupancy 94pct at Macau 5-star...

    Aug 24, 2023  

More news
  • Grand Hyatt MICE revamp before year end: Melco CEO
    Grand Hyatt MICE revamp before year...

    Sep 21, 2023  

  • Melco to help Macau govt revitalise some Inner Harbour piers
    Melco to help Macau govt revitalise...

    Sep 21, 2023  


Latest News

Grand Hyatt MICE revamp before year end: Melco CEO

Grand Hyatt MICE revamp before year end: Melco CEO

Sep 21, 2023  

Lawrence Ho Yau Lung, chairman and chief executive of casino group Melco Resorts & Entertainment Ltd, has confirmed to GGRAsia that before year-end it will start revamp work for the meeting space...
Read More
Melco to help Macau govt revitalise some Inner Harbour piers

Melco to help Macau govt revitalise some Inner Harbour

Sep 21, 2023  

GEN Malaysia stable outlook, rebound taking its time: Fitch

GEN Malaysia stable outlook, rebound taking its time: Fitch

Sep 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”

Akash Gupta, Shiv Kapoor and Hasira De Silva

Analysts at Fitch Ratings



Most Popular

  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Golden Week Macau GGR to be 17pct up on rest of Oct: MSGolden Week Macau GGR to be 17pct up on rest of Oct: MS September 21, 2023
  • No swift resumption of dividends for most Macau ops: GSNo swift resumption of dividends for most Macau ops: GS September 19, 2023
  • LT Game readies new LMG product as Macau recovers: ChunLT Game readies new LMG product as Macau recovers: Chun September 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us