Jennifer Song, equity analyst with Morningstar, speaks with Asia Gaming Brief managing editor Sharon Singleton about visitation to Macau during the recent Chinese New Year period and the outlook for recovery. The longer-than-usual May holiday may be a...
The Lunar New Year period, which is known as the largest annual migration in the world, was a shadow of its former self, with strict rules in place to restrict the flow of Chinese outbound (and domestic) travel this year.
Macau's gross gambling revenue improved significantly in the third week of February, after a disappointing start to the Chinese New Year, Bernstein Research notes.
The fifth and sixth days of the Lunar New Year in Macau were the busiest, with arrivals from the Mainland up 5.3 percent and 22.8 percent year-on-year, the only days showing an increase. Hotel occupancy was at just over 48 percent.
Local gaming revenues during the Chinese New Year period have actually declined when compared to January, analysts from brokerage Sanford C. Bernstein indicated in a note.
Macau's gross gambling revenue dropped in the first week of February to MOP1.5 billion ($189 million) due to increased travel restrictions in China, according to Bernstein Research.
Macau's health authorities are urging citizens to stay at home during the Chinese New Year, or at least restrict trips to neighbouring Guangdong Province.
Looking at the Chinese New Year visitation figures for Macau, it’s difficult not to be pessimistic about the near-term outlook for gaming in Asia, though analysts say underlying demand remains strong and there is likely to be a snap back once the situation...
Macau is expected to see a slight increase in visitors during the Lunar New Year period, said MGTO head Maria Helena de Senna Fernandes on Wednesday,
Gross gaming revenue in Macau continued to slow down over the last week (Jan 16 to 22), with ADR of MOP 528 million, said Bernstein in a note on Monda
Macau has posted a particularly strong start to the new year, reporting a ADR of MOP 715 million, a 31 percent increase over December’s ADR, said Be
Macau Secretary for Economy and Finance, Leong Vai Tac has stood behind the MOP 200 billion forecast for casino gaming revenue in 2016, saying it was
Success Universe Group Limited deputy chairman Hoffman Ma Ho Man claimed 90 percent of the hotel rooms at Sofitel Macau at Ponte 16 were occupied duri
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