Sunday, October 6, 2024

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Macau raises Golden Week tourist projection amid positive data 

Although the Golden Week in mainland China is not yet halfway through, the Macao Government Tourism Office (MGTO) has concluded that visitor arrivals during Macau’s National Day Golden Week would exceed expectations.

Macau allocates land for airport expansion to up passenger capacity to 15M

Macau authorities have designated approximately 3.25 million square metres for the expansion of the Macau International Airport, aiming to enhance its annual passenger capacity to 15 million.

SJM represents Macau in ‘Gastronomic September’ event in Italy

SJM Resorts, (“SJM”) is proud to be the sole Macau representative participating in “Gastronomic September,” an acclaimed food festival in Parma, Italy.

Macau gaming stocks surged following China’s aggressive stimulus package: CBRE

In a significant market rebound, shares of Macau’s gaming operators surged an average of 23.7 percent over the past week, following the announcement of China's most comprehensive stimulus package since the pandemic began, CBRE analyst commented in a recent dispatch.

Daily Asia Gaming eBrief: China’s stimulus to uplift sentiment in Macau

Good morning. Market catalysts are emerging. China's recent monetary stimulus is expected to boost Macau's growth as consumer and business confidence improves.

Macau welcomes over 304K visitors in first two days of Golden Week 

During the first two days of October's Golden Week, Macau recorded 304,217 tourist arrivals at various border checkpoints, according to the Public Security Police Force. 

China’s stimulus likely to improve sentiment around Macau: Seaport

China's recent monetary stimulus is expected to benefit the world's largest gaming hub, Macau, as the nation's economy gains momentum and consumer and business confidence improves, notes Seaport Research Partners.

Macau’s September GGR reaches $2.1B, up 15.5% Y-o-Y

Macau’s gross gaming revenue (GGR) amounted to MOP17.2 billion ($2.1 billion) in September, reflecting a 15.5 percent increase from the same month of last year.

Daily Asia Gaming eBrief: Calls for “healthy and orderly” development in Macau gaming

Macau's gaming sector is becoming clearer with the future policy approach, as the sole Chief Executive candidate proposes enhancing regulation and digital management within the industry while promoting diversified tourism and economic integration.

Morgan Stanley sees Wynn’s UAE and Macau ventures as key growth drivers

Wynn Resorts Limited is attracting fresh attention from investors, with Morgan Stanley Research highlighting significant growth potential from the company’s major developments in the...