Visitor arrivals reached around 84% of 2019 levels as the holiday neared its end on Friday.
Macau’s six casinos, with 10-year licence extensions granted last year, posted Q2 profits at almost 70% of pre-pandemic levels.
And hundreds of thousands have set their sights on Macau — a semi-autonomous city of 680,000 that is the only place in China where casinos operate legally. Much of the cash is left on the casino floor, as Macau’s gaming industry increasingly relies on mass-market players after Beijing drove away high rollers with a years-long regulatory crackdown.
Visitor arrivals this year were “slightly ahead of expectations” as the holiday neared its end Friday, tracking at around 84% of 2019 levels, Kim told AFP.With “Westminster” spires looming above and “Big Ben” tolling in the background, university graduate Li Junkai from China’s Hebei province tested legalised betting for the first time — and promptly lost around HK$100 .
While mass-market gaming revenue could reach around 85% of pre-pandemic levels, the VIP earnings tell a different story. The firms have collectively pledged US$14.9 billion on projects including theme parks, convention and exhibition centres and performance venues.This year, Macau boasted sold-out concerts by K-pop sensation BLACKPINK and Hong Kong singer Jacky Cheung.The city’s charms also seemed to fit with a younger generation of travellers, who prefer bespoke experiences, observers say.
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