New Casino Resorts Woo Chinese Visitors to Macau in Golden Weekby
Arrivals from mainland China increase almost 7% from year ago
Slump in gaming revenue is reversing as new resorts open
Macau, the world’s largest gaming hub, said visitors from mainland China climbed almost 7 percent from a year earlier during the Golden Week National Holiday, as punters were attracted by two new casino resorts.
Mainland arrivals totaled 969,254 in the past seven days, according to the Macau Government Tourist Office. The growth on year compares with a 5.5 percent decline in August and only a slight increase in the second quarter. Total visitors were up 8 percent over the holiday period.
Casino operators in Macau have shifted their focus to tourists and recreational gamblers by adding more non-gaming facilities, as China’s economic slowdown and the campaign against corruption scare off mainland high-rollers. Macau is reversing a slump in gaming revenue after new resorts, including Wynn Palace owned by the billionaire Steve Wynn, and Sands China Ltd.’s Parisian with an Eiffel Tower replica, opened in August and September.
Hong Kong, neighboring Macau and another Chinese special administrative region, has also seen visitors increase during the holiday. The territory had 1.2 million arrivals from mainland China, up from about 1.1 million a year earlier.