Good Morning. Come for the show, stay for the entertainment. Macau is proving that its event-based investment is paying off, with the upcoming Golden Week holidays to peak a tourism boost that is expected to ride the forthcoming wave due to the talent bookings and sports highlights. This gaming uplift is in part because of improved consumer sentiment in mainland China, as strong stock upticks have increased disposable income, a nice gain for those who want to visit Macau to try their luck.
What you need to know
- Entertainment-heavy schedules, including NBA games and concerts, aim to sustain Macau’s GGR momentum after Golden Week holidays.
- China is experiencing a significant boom in its economy, furthering the distribution of wealth which has a perfect outlet in Macau.
On the radar
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- Philippines officials uncover $18.3M laundered through 13 casinos.
AGB Intelligence
MACAU
Entertainment boosts non-Golden Week GGR
The move by Macau’s gaming operators to focus on entertainment is proving fruitful, with events driving both gaming and non-gaming spend. Analysts note that the upcoming Golden Week holiday is likely to already see significant gaming play, but that momentum driven by the post-holiday entertainment will prove significant, as side bets and improved consumer sentiment help bolster figures.
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