Macau and Cambodia – two Asia-Pacific casino markets among most reliant on Chinese visitors – are both feeling the absence of mainland VIP players, says an S&P Global Inc macro-view report on gaming demand in the region.
Another challenge for the regional casino and tourism industry is that “pent-up demand” among Chinese people for travel, seen immediately after pandemic restrictions were lifted in early 2023, was “likely on a diminishing trend,” said the institution, adding that a “two-speed recovery” was “taking shape across the gaming tables of Asia Pacific”.
More specifically for Macau and Cambodia gaming, “we do not expect GGR [gross gaming revenue] to recover to pre-pandemic levels over the next 12 to 24 months,” wrote analysts Shawn Park, Aras Poon and Tristan Ong.
In full: https://www.ggrasia.com/macau-cambodia-most-feel-loss-of-china-vip-play-sp/
