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Daily Asia Gaming eBrief: Macau gaming revenue not impacted by HK visitor surge

Good Morning. The pie might be big enough for everyone. Despite potential shifts in consumer behavior, experts suggest that Macau’s gaming revenue might not be significantly affected due to the preferences of Hong Kong visitors, who are typically singles or couples. However, with Hong Kong experiencing a surge in northbound spending, Macau may face increased competition from mainland China as a short-haul travel destination.

Meanwhile, PAGCOR has reported a remarkable 42 percent year-on-year income surge in the first quarter of 2024, reaching PHP25.24 billion ($437.9 million) as it targets a possible historic milestone of PHP100 billion ($1.73 billion) in 2024. The news was less rosy for Universal Entertainment CEO, Jun Fujimoto, who was considered guilty of fiduciary duty breach involving over $4 million by the Tokyo High Court.

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MACAU

HK visitation surge to not impact Macau GGR

Hong Kong has historically been a major tourism contributor to Macau, particularly in gaming revenue, yet recent shifts in spending patterns among Hong Kong visitors in mainland China present potential challenges. Despite this, experts suggest that Macau’s gaming revenue may remain relatively unaffected, but could face heightened competition from mainland China as a short-haul travel option. Nevertheless, Macau seems well-prepared for the upcoming Labor Day holiday, boasting high hotel occupancy rates and optimistic tourism forecasts.


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AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
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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