The number of tourist arrivals to Macau during the three-day period encompassing the calendar New Year rose 8.5 percent year-on-year, to 356,812, according to data released by the Public Security Police.
The figures covered December 30, New Year’s Eve – December 31 – and New Year’s Day, January 1, the latter being a public holiday in Macau, mainland China and Hong Kong. This year, the two days prior to the public holiday fell at the weekend, which might have had some impact on the year-on-year comparison. In 2017, New Year’s Day fell on a Sunday.
Investment analysts have said that there need not necessarily be a correlation between headline numbers of visitors to Macau or even year-on-year increases in tourist arrivals, and the revenue performance of the city’s casino industry. The market is still thought to be skewed toward higher-end players that make an outsize contribution to casino gross gaming revenue. Tourists do however make up most of the players in the local gaming venues.
Jan 17, 2019The casino at Corona Resort and Casino, on Phu Quoc island, is to open on Saturday, confirmed to GGRAsia the entity managing gaming at the venue. The source added that the casino would be the first...
Jan 17, 2019
Jan 17, 2019
Market-wide VIP baccarat revenue in Macau in the fourth quarter of 2018