Mainland people still spend in the hall in Macau

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Macau expects a rise in the number of gamblers and regular leisure tourists during the five-day Chinese mainland holiday, which begins on Labor Day on May 1, according to several casino industry sources and investment analysts surveyed by GGRAsia.

"Visitors from mainland China are still willing to travel and spend their money," said Hoffman Mahoman, vice chairman of Success Universe Group Ltd, an investor in Ponte 16 Casino Resort located in Hong Kong's Inner Harbor District.

He said so despite the fact that "the economies of mainland China and Hong Kong are not good."

Brokers Morgan Stanley Asia Ltd said in a Tuesday note on the impact of the May holiday on their business this year that total game sales (GGR) for the period could be "73% to 77% of 2019 levels," and expected the latest daily GGR figure to be "5% to 10% lower than the Chinese New Year's level in 2024."

Jeffrey Kian, an analyst at Hong Kong-based Brokerage CLSA Ltd, said in comments to GGRAsia that he saw no specific indicators that gaming business performance during the upcoming May break would be "meaningfully different from previous Golden Weeks." The latter term refers to the period of peak demand during the major mainland holiday season. This puts "stopping win rates" at a disadvantage for operators, he noted.

"Macau has always targeted a niche group of visitors over other consumer segments, which it claims is more free from a slowdown," Kian said. 카지노사이트 모음

A senior Macau gaming executive, speaking on condition of anonymity, told GGRAsia that the main challenge facing Macau casino operators now is to attract "quality" customers and, above all, maintain "quality." So-called premium public gaming customers who make big bets with cash chips are particularly "sensitive to player rebates," the official said.

The idea that these customers are currently shopping for the best deals among Macau's six casino concession companies has been mentioned by several industry bosses before.

In a recent comment, this particular executive told GGRAsia: "These days, Macau operators are more concerned about the quality of visitors and attracting more tourists than just attracting a lot of tourists."

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Mainland people still spend in the hall in Macau

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