Friday, May 17, 2024

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Macau airport passenger volume up 80% during Easter 

Macau International Airport saw a surge in passenger volume during the four-day Easter holiday (March 29th – April 1st), handling 88,978 passengers, which marked an increase of 80.38 percent compared to the Easter holidays of 2023.

Refurbished border to Macau reopens, capable of passing 350k daily

The refurbished border checkpoint Gongbei, linking mainland China and Macau, reopens today.

Macau gaming employees’ salaries rose end-2023, surpassing pre-COVID levels

Average earnings of full-time employees in the Macau gaming industry in December were MOP25,290 ($3,138), up by 6.8 percent year-on-year. This figure has already surpassed the MOP24,640 ($3,058) reported in 4Q19.

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.

Macau mass market surpassing pre-covid levels in January – JP Morgan

Mass market gross gaming revenue generated in Macau gaming in January is reporting volumes 105-110 percent higher than pre-COVID levels, brokerage JP Morgan indicated.

Macau mass GGR to surpass pre-pandemic levels by 20% in 2024: Morgan Stanley

Morgan Stanley analysts project continued positive consensus revisions for Macau, fueled by increased confidence in the mass GGR this year.

Macau Airport 2023 passenger volume at 54 percent pre-pandemic levels 

The passenger volume at Macau International Airport has steadily increased in 2023 to nearly 5.2 million, reaching 54 percent of 2019 levels, as revealed by the public company responsible for the airport’s operations.

Macau Airport passenger volume lags 50 percent behind pre-pandemic levels

From January to October, Macau's airport served 4.04 million passengers, slightly over 50 percent of the pre-pandemic 2019 total, according to the Civil Aviation Authority (AACM).

Galaxy Macau and Alipay+ team up with Macau Pass to enhance the Korean tourist experience

Macau's payment provider, Macau Pass, is collaborating with Kakao Pay, South Korea's popular mobile payment and digital wallet service, on two discount promotions held in Macau before and after the Asian Games. This partnership leverages Alipay+'s cross-border digital payments and marketing solutions, which aim to facilitate cross-border mobile payments for Korean travelers seamlessly.

Your Daily Asia Gaming eBrief: Macau Golden Week GGR Surpasses Analysts’ Expectations

Macau saw better-than-expected revenues during the Golden Week holiday, with analysts at JP Morgan saying overall GGR reached about 80 percent of pre-pandemic figures. Mass topped out at 120 percent of 2019-levels, while daily revenue rose to over $116 million.