Some vacation lovers might enjoy a nice day at the beach, while others might like to test their luck at the casinos. While many choose Las Vegas to be the first option, Macau has become one of the most popular gaming centers in the world leaving Las Vegas behind. With so many popular and high end casinos, this place is […]Read more ›
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If you are planning a trip to Macau soon, it is the perfect place for gambling, gaming, food, night life and shopping. Macau was once just a small area in China, but today, it is one of the biggest gambling and gaming centers in the world. Macau is located right above the Pearl River in Hong Kong. In the past […]Read more ›
With wealthy Chinese driving Macau’s VIP business and the mass-market segment relying on the growing Chinese middle class, a relationship between gaming revenue growth and the China PMI leading indicator makes fundamental sense. Both have improved in recent months, with Macau revenue at a new record in October, though growth remains less than robust. Source: BloombergRead more ›
A decline in length of stay is challenging Macau casino resorts’ quest to keep gamblers in the Asian gaming hub longer. While total guests at Macau hotels are rising and reached a new record in 3Q, the average length of stay has dropped more than 15% since late-2011. As a result, total monthly hotel-guest-days have been static at about one […]Read more ›
Macau is becoming the new by word in the world of gambling. It’s really surprising that Macau is being touted as the Las Vegas of the East and is fast attracting high rollers in and out of the region. Many believe that it has even surpassed Las Vegas in terms of revenues. If you consider yourself a gambling aficionado or […]Read more ›
Visitor growth to Macau has slowed notably and turned negative in mid-2012, compared to the heady 20% growth during much of 2011. While China accounts for more than 50% of Macau’s visitors and is near peak levels, the two most important specific regions for visitors, Hong Kong and Guangdong, have been declining since mid-2011. China’s Free-Spending Macau Tourists More Restrained […]Read more ›