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Macau’s May GGR expected to hit $2.5B, Labor Day hotel prices 30% below CNY: brokerages

Investment bank Citigroup anticipates that Macau’s gross gaming revenue (GGR) in May could reach MOP20 billion ($2.49 billion), about 77 percent of 2019 levels.

Macau hotels fully booked for Labor Day, with prices 20% below CNY rates

UBS reports that Macau hotel prices for mainland China’s five-day Labor Day holiday season are 20 percent below this year's Chinese New Year (CNY) rates but bookings are high.

Daily Asia Gaming eBrief: Macau March GGR sees slowdown post CNY

The last month of the first quarter should be a bit calmer for Macau, as GGR slows down post-Chinese New Year. According to analysts at Macquarie, the VIP rate is seeing a recovery in the month, however, while MICE-facing operators are likely to see a boost during the month.

March GGR recovery forecast at 71-75% as market cools after CNY: Macquarie 

The Macau gaming industry is experiencing a predicted cooldown after the Chinese New Year, as March’s gross gaming revenue (GGR) is expected to be 71-75 percent of 2019 levels.

Macau experiences sharper GGR pullback post CNY: Goldman Sachs

The 'sharper-than-expected slowdown' post the Chinese New Year (CNY) holidays is the reason for the lower recovery rate in Macau’s gross gaming revenue (GGR) in February compared to the previous months, says Goldman Sachs.

Daily Asia Gaming eBrief: The Star quandaries and Macau CNY progress

Australia's gaming crackdown continues, with The Star facing a new inquiry which is "unimaginable" considering its recently renegotiated terms for employment and cashless gaming at its Sydney casino, notes an expert. In addition, Macau's Chinese New Year revenues continue to impress, but market share gets further divied up.

The Star situation “unimaginable”, CNY boosts Macau but not ASEAN: Ben Lee

The news that Australia’s The Star Entertainment is facing a second inquiry into whether its Sydney property can hold a casino license is “unimaginable”, considering the recent negotiations over duty rates, says expert Ben Lee.

Macau achieves best-ever performance in premium mass during CNY: Citigroup

Macau witnessed its best-ever performance in the premium mass segment during the Chinese New Year (CNY), with Galaxy Entertainment emerging as the market share winner, according to the Citigroup.

Macau CNY Golden Week visitation fully recovered to 2019 levels

Macau received 1.52 million visitors from the 9th to the 18th, while all the city’s checkpoints recorded over 5.8 million border crossings.

Macau CNY visitation stronger than 2019, surpassing 1M in six days 

Macau has surpassed expectations with its Chinese New Year (CNY) tourist arrivals, reaching over 1 million visitors in just six days.