Published
Land-BasedCasinoFinancial

Melco Resorts CEO predicts Macau recovery in Q2

Macau’s casino sector could begin showing signs of recovery as early as mid-March, said Lawrence Ho, chairman and CEO of Melco Resorts and Entertainment.

Recovery

According to Ho, the market could start normalising at some point during the second quarter.

“We remain optimistic on the recovery in Macau and continue to expect increased visitation in the near-term,” said Ho.

With the further easing of travel restrictions between Macau and Mainland China, he remains hopeful the market will be strengthened by returning players.

Ho noted the increase of players during the last days of Chinese New Year, which carried over to the rest of the month: “I do think it is really two or three months rather than what we’ve been thinking for the past year which has been longer and longer.”

Ho also remains interested in Japan’s IRs, considering the country to be “the best potential new gaming market globally.”

He added: “Turning to Japan, we want to highlight our commitment to bringing a world-leading IR there and continue to pursue opportunities within the market. While the process in Japan has been delayed and remains complex, it has renewed momentum as jurisdictions again initiate RFC processes.”


Asia News Sponsor
Premium+ Connections
Premium

Sport Generate

 
Premium

GammaStack

 
Premium

1xBet Partners

 
Premium

RISK

 
Premium

PIN-UP Partners

 
Premium

Lynon

 
Premium

Revsharks

 
Premium

Imagine Live

 
 
Premium

Digitain

 
Premium

Galaxsys

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...