The Visit Of The President Of The Prc May Adversely Affect The Gambling Industry Macau
The coming visit of the president of the prc si jigpina in macau experts are estimated extremely ambiguous. On the one hand, the negative impact of the visits to the short-term ggr, on the other – expect global news that will be able to sed light on the financial administrative district in the future.
The arrival of the head of state is scheduled for decept 18-20.
According to analysts of the swiss suisse group ag, ggr macau can be reduced by 15-20% year in annual. Financial figures are already falling due to the control of the movement of citizens – security measures before arrival of si jinping.
The opinion of specialists is based on tracking daily ggr informatives macau ggr. At the same time, as the main reasons for the reduction, the movements of inhabitants of mainland china, escecilly those related to visit macau. The latter can negatively affect the financial results of the vip-segment in december.
Presumably, the tightening of visa rules, which extends to those who did not attend macau, will act until december 20. At the same time, experts note that under the blow was the most desired for operators of macau visitor cluster.
Despite negative news, experts note that the problem is not a structural nature, and therefore will not affect the ggr 2020, although it is adversely affected by the results of the fourth quarter.
Good news related to what the visit of the head of state is. According to preliminary information, the prc plans to turn the territory in the financial center. For the implementation of the plan has already received a plot of land at the neighboring island hencin. Expansion, according to available data, is not associated with gambling.
Experts note that the creation of a financial center can be favorably affected by the prc economy and in the long run – on the gambling industry macau. Experts also add that the future of macau is most likely to be associated with the development of financial and tourism industries as the main directions of development of a special administrative area. At this stage, it is too early to talk about the direct influence on the gambling industry in macau, however, in the long run, measures will allow to maintain the density of the tourist flow.
In general, it should be noted the favor of the prc to macau, which is important for the financial climate of the region. In addition, despite the disappointing forecasts regarding the ggr of the current month, the news is likely to be positively affected by the financial indicators of the next year.
Recall that gambling operators are less optimistic about the financial results of the next year.