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Daily Asia Gaming eBrief: Macau sees massive tourist influx over CNY

Good Morning. The floodgates officially opened over the Chinese New Year holiday, at least for Macau, as visitors flocked in, packing out streets and hotels and giving a heady boost to February’s gross gaming revenue. Meanwhile, in the Philippines, PAGCOR’s Chairman says the country is open for business, with encouraging results in the online space a good sign for potential investors. In other financials, MGM China beat out even the highest estimates with its 4Q23 results, surpassing even pre-pandemic levels.

What you need to know

  • Macau’s CNY saw nearly 900,000 visitors in five days, surpassing expectations. The boost should positively impact February’s GGR.
  • PAGCOR’s Chairman encourages new investors amid strong results for 2023, with online gaming figures up over 90 percent.
  • MGM China results for the fourth quarter beat the highest expectations and surpassed even 2019 pre-pandemic levels: brokerages.

On the radar


AGB Intelligence

CHINESE NEW YEAR

Daily Asia Gaming eBrief: Macau sees massive tourist influx over CNY

Macau flooded with visitors, boost to February GGR

The Chinese New Year holiday period in Macau surpassed even the government’s expectations, as visitors flooded the city, reaching nearly 900,000. Hotels saw a particularly strong boost, as occupancy reached 97 percent. The tide of visitors is expected to push February gross gaming revenue to around $2.4 billion and bodes well for the rest of the year.


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The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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