Macau welcomes 1.4mln visitors for 8-day CNY break: govt
21 Feb 2024

Macau welcomes 1.4mln visitors for 8-day CNY break: govt

Overall visitor arrivals to Macau during the eight-day Chinese New Year (CNY) festivities reached almost 1.36 million, the Macao Government Tourism Office (MGTO) announced on Sunday. The average hotel occupancy rate for the period stood at 95.2 percent, as detailed in the same press release. The tourism body stated the visitor figures for the festive period were “well beyond expectations”. MGTO had anticipated Macau would have a daily...

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Macau govt forecasts US$27bln for 2024 casino GGR
08 Nov 2023

Macau govt forecasts US$27bln for 2024 casino GGR

The Macau government estimates the city’s 2023 casino gross gaming revenue (GGR) will be MOP216.0 billion (US$26.80 billion), it said in the 2024 fiscal year budget proposal published on recently.   “As Macau has introduced more brand-new tourism elements and is exploring additional visitor-source markets in the mainland and overseas, it is expected that the number of visitor arrivals to Macau will continue to grow,” stated the...

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Galaxy Entertainment To Open Andaz Macau Next Month
25 Aug 2023

Galaxy Entertainment To Open Andaz Macau Next Month

Galaxy Entertainment, the parent company of Galaxy Casino S.A., has revealed that it will officially open its newest hotel, Andaz Macau, on September 15 of this year. In addition, the said hotel, which is a Hyatt brand, is part of the new Galaxy International Convention Center located in Galaxy Macau and is the latest addition to the 28 Andaz hotels placed across the globe. As soon as it opens, Andaz Macau will already break the...

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Macau catalysts distinct from other China sectors
09 Jun 2023

Macau catalysts distinct from other China sectors

While Macau gaming stocks have underperformed Hong Kong’s Hang Seng Index by 7% so far in May, there are reasons why investors should categorise them differently from other equities with exposure to China consumer markets, suggests a report issued recently by the Morgan Stanley banking group. The institution made reference to a sustained sell-off by investors earlier this month, despite the improving trading situation in the Macau...

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Macau casino stocks, bonds on a roll as Chinese visitors return
04 Mar 2023

Macau casino stocks, bonds on a roll as Chinese visitors return

Chinese tourists are returning to Macau in hordes after Beijing lifted its restrictions on travel to the world’s biggest gambling hub, lifting stocks and bonds of casino operators as investors bet on a boom in their revenues. Hong Kong-listed shares of MGM China (2282.HK), Sands China (1928.HK) and Melco International Development (0200.HK) have climbed 11.4%, 6.4% and 12.6% so far this year, respectively, outperforming the...

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