Sydney hotel and casino is fully booked ahead of the Lunar New Year celebrations.

The Chinese New Year celebrations kick off on Monday, February 8 and for the casino industry, especially in Macau, it’s one of the most important event in the calendar as the majority of Chinese gamblers pay a visit over the week-long public holiday.

But with Macau’s downturn, The Australian and New Zealand market is poised to see strong growth in its VIP gaming market.

The Star, which has a spread base between the mass market and VIP gamblers, said that its hotel rooms and casino facilities were booked up for the next couple of weeks.