Macau casinos reported a strong start to the year, generating MOP12.1 billion ($1.5 billion) in gross gaming revenue (GGR) through January 19, as demand remained “solid” in the lead-up to the Chinese New Year holiday, according to analysts.JP Morgan analysts DS Kim, Mufan Shi, and Selina Li anticip
Macau’s casino industry is preparing for a surge in visitors as the Chinese New Year holiday kicks off on January 29, with strong hotel bookings and government measures boosting tourism from mainland China. The week-long festivities, which run until February 4, mark a critical period for the
Macau welcomed a total of 1,309,595 visitors during this year’s eight-day Chinese New Year Golden Week, a decrease of about 3% compared to last year.According to provisional figures released by the Public Security Police Force, the number of visitor arrivals on the last day of Golden Week on Tuesday
After a subdued start to the year in January, when gross gaming revenues fell by 5.6% year-on-year to MOP$18.25 billion (US$2.27 billion), analysts are keeping a close eye on the current Chinese New Year Golden Week holiday to determine whether Macau’s gaming operators can turn it all around in Febr
The new year is off to a stronger start than 2024, according to Jefferies Equity Research analyst Anne Ling. In a January 6 investor note, she said the early data from Macau “supports our bullish view.”Calling the numbers “modestly positive for stocks,” Ling cautioned that revenue would probably sla
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