Macau casinos enjoyed a boost during the Golden Week holiday period but the numbers were a far cry from the bonanza of previous years.
According to figures released on Thursday by the Teledifusao de Macau (TDM) TV channel, average daily gaming revenue over the first seven days of October came to MOP 914.3m (US $114.5m). Total gaming revenue for the week hit MOP 6.4b ($801.7m). The figures are about on par with the 2013 Golden Week numbers, but about 10% less than the 2014 stats.
Daiwa Securities took a glass-half-full approach to the numbers, saying that posting any kind of bump was “an incremental positive for the sector, while a failure to hold up would indicate a lack of fundamental improvement.”
The Government Tourist Office says total Golden Week visitation to Macau came to 1.07m, up 2.7% from last year. Mainland Chinese visitors accounted for 85% (907k) of total visitation, up 7.1% year-on-year, although this pales to the 17% growth in mainland visitation reported last year.