Macau Gaming Revenue Soars to Post-Covid High on Holiday Boost
- Spending jumped almost 30% in May, highest since Covid
- China’s new multiple-entry permits boost Macau tourism
Macau saw a surge in visitors during China’s five-day Labor Day holiday at the beginning of the month, with average daily tourist arrivals growing 23.2% year on year and returning to 76% of the 2019 level.
Photographer: Eduardo Leal/BloombergThis article is for subscribers only.
Macau’s gaming revenue jumped 29.7% in May, rising to its highest level since Covid, as the “Golden Week” holiday and new travel permits for Chinese tourists fueled spending.
Gross gaming revenue reached 20.2 billion patacas ($2.5 billion) for the month, according to data released by the Gaming Inspection and Coordination Bureau on Saturday. That was in line with the median analyst estimate of a 30% year-on-year increase.