Macau’s casino gaming revenue growth slowed in September, with the sector expected to get a boost this month from China’s Golden Week holiday.
Gross gaming revenue grew 404.2% to 14.9 billion patacas in September, according to data released by the Gaming Inspection and Coordination Bureau on Sunday. That’s in line with the median analyst estimate of a 400% year-on-year increase, and about 68% of 2019 pre-Covid levels.
The gambling hub is expected to see a daily average of about 120,000 tourist arrivals in Golden Week, Macao Daily reported Friday, citing the city’s travel and hotel industry representatives. That would mean an 86% recovery to pre-Covid levels. Hotel occupancy is expected to exceed 90% during the holiday, according to the report.
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