Inside Asian Gaming

IAG JUN 2022年6月 亞博匯 22 gaming and tourism operators, given that 70.9% of all visitor arrivals in 2019 came from mainland China, with another 18.7% from Hong Kong. But with the borders between Macau, Hong Kong and the mainland also subject to varying levels of restrictions depending on the prevailing COVID situation at the time, visitation continues to be stifled and operators continue to notch up heavy losses. According to a March note by Morgan Stanley, Macau’s concessionaires are losing a combined US$800 million and leaking US$250 million in cash flow per quarter while COVID-19 restrictions remain in place, and industry net debt has risen from around US$5 billion pre-COVID to US$20 billion at end-2021 – all with no end in sight. Meanwhile, the rest of Asia is getting on with life and the early signs across the region’s key gaming jurisdictions are broadly positive. IAG takes a closer look at how these jurisdictions are positioned for recovery in 2022. COVER STORY 遊客中，有70.9%來自中國內地，另有 18.7%來自中國香港。但由於澳門香港 及內地之間的通關也因應疫情的波動受 到不同程度的限制，訪澳遊客人數持續 受到限制，營運商繼續忍受重大損失。 據摩根士丹利3月報告顯示，在防 疫措施仍然維持的情形下，澳門博企每 季度共計損失約8億美元，現金流失約 2.5億美元，而行業淨債務已經從疫情之 前約50億美元飆升至2021年底約200億 美元，目前都還沒有結束的跡象。 與此同時，亞洲其他地區的生活正 在好轉，主要博彩司法管轄區的早期跡 象總體來說是積極的。《亞博匯》深入 研究這些司法管轄區在2022年的復甦情 況。