The mass market continues to player a greater role in Macau’s overall gaming industry. This week’s Labor Day holiday \u2013 which is officially designated by China’s State Council as running May 1 through May 4 \u2013 is keeping enclave casino hotels booked.<\/p>\n
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The Macau Government Tourism Office expects visitor arrivals to surge 20 percent for the 2019 holiday. Asian gaming media outlet GGRAsia <\/i>reports that 18 of Macau’s 23 five-star hotels are fully booked for the four days.<\/p>\n<\/div>\n
Macau welcomed a record 35.8 million visitors last year, a 10 percent increase on 2017. The October opening of the Hong Kong-Zhuhai-Macau Bridge has reduced automobile travel between the two densely populated SARs from four hours to 35 minutes.<\/p>\n
China wants Hong Kong and Macau to work together to transform the Greater Bay Area into a Silicon Valley-type technology and innovation hub. The mainland government has additionally advised Macau to reduce its dependency on gaming, and part of that will be accomplished by allowing casino operators to develop non-gaming entertainment attractions and convention spaces on the neighboring Hengqin Island.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casinos recorded their largest month-to-month gross gaming revenue (GGR) decline in nearly three years, as April win plummeted 8.3 percent, the biggest percentage drop since June 2016. The six licensed casino operators reported casino win of MOP23.59 billion ($2.92 billion). That’s more than a quarter of a billion dollars fewer than the gaming floors […]<\/p>\n","protected":false},"author":25,"featured_media":104004,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Macau Casinos Suffer Largest Monthly Decline in Nearly Three Years<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n