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Macau Cautious On “Golden Week” Numbers

As Macau prepare for the start of China’s National Day holiday period beginning tomorrow some operators are bracing themselves for what could be a disappointing week in what normally is a bonus for gambling in the tiny gambling enclave.

To many Chinese in what is referred to as “Golden Week” a week long national holiday the tradition is for most is to go to either Hong Kong or Macau but with the protests currently happening in Hong Kong many would believe that Macau would benefit, but with the ongoing trade dispute with the US impacting on business on the mainland some operators feel that the holiday period will not beat last year.

Reports from local media sources say that both bosses at SJM and Galaxy Entertainment quote them as saying that bookings at their hotels are “so-so” and the quality of gamblers is moderate in terms of VIP players.

The holiday period begins Tuesday 1st October till October 7 and there is still plenty of time for Chinese players to decide to come over to Macau but to beat the 890,000 visitors from last year during the week and more importantly the VIP business many operators are cautious.

Analyst’s say that the upcoming week has a major impact on all operators October figures, if the numbers and gamblers are not there this time then October will see a fall in revenues compared to 2018.

Source – Igaming world

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