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's gross gaming revenue (GGR) amounted to MOP19.50 billion ($2.42 billion) in March, reaching a new 49-month high.

Holding concerts has already become the main driver for tourist volume in Macau among all non-gaming elements, according to a scholar.

Macau’s gross gaming revenue (GGR) for the first seven days of January is estimated to be approximately MOP4.4 billion ($548 million), with an average of MOP629 million ($78.4 million) per day, as noted by investment bank Citigroup.

Macau received some 28.23 million visitors in 2023, with a daily average of 77,000 – indicating a recovery of some 70 percent when compared to pre-pandemic 2019.

Melco Resorts & Entertainment continues to actively support the SAR government’s calls for Macau’s economic diversification, dynamically promoting the coordinated development of "tourism + sports" to contribute to the city's enhanced status as a world tourism and leisure center.

Macau’s economy thrived in the third quarter, with Gross Domestic Product (GDP) up 116.1 percent yearly, boosted by gaming.

Although Macau's economic diversification plan for the next five years holds few surprises for the public, some of the announced measures have received positive feedback.

Macau’s hotel occupancy rates in September increased by 41.1 percentage points year-on-year to 78.6 percent, with the rates for 5-star (81.9 percent) and 2-star hotels (77.3 percent), according to information from the Statistics and Census Service (DSEC).

Macau's gaming watchdog, the DICJ, appointed Iao Fu and Ng On Lou as the heads of the Supervision Division and the Studies and Information...