Macau Hotels Expecting Positive ‘Golden Week’ Performance

September 17, 2020

In Macau and the beginnings of a post-coronavirus recovery for the local casino industry could reportedly soon be on the cards following news that the city’s combined five-star hotel bookings for the first week of October are already hovering near the 80% mark.

According to a Tuesday report from Inside Asian Gaming, the former Portuguese enclave has recently suffered through five consecutive months in which its 39 casinos have seen their aggregated gross gaming revenues fall by at least 90% year-on-year owing to an associated drop in the numbers of arriving tourists.

Also known as ‘National Day,’ the annual ‘Golden Week’ public holiday commemorates the establishment of the modern state of China and has regularly involved large numbers of mainland tourists visiting Macau in order to enjoy the city’s plethora of entertainment and gambling facilities. Although fears were reportedly high that the ongoing coronavirus pandemic would stifle such visitation, Beijing last month boosted revival hopes by once again beginning to issue Individual Visit Scheme (IVS) and group travel visas following an over 23-week suspension that had been directly linked to the outbreak

 

Read More – https://news.worldcasinodirectory.com/macau-hotels-expecting-positive-golden-week-performance-83745

Top-rated Sites
BK8 | Best Betting Site Malaysia | Online Betting Site Malaysia | Best online sport betting site Malaysia
BK8

BK8 is one of Asia’s leading online gaming platform, offering Sports Betting, Live Casino, Poker, Slots, E-Sports, and Lottery. BK8 was voted as the Best Online Casino in Asia in 2017.

W88 | Best Betting Site Malaysia | Online Betting Site Malaysia | Best online sport betting site Malaysia
W88

W88 is the main sponsor of Crystal Palace FC in the English Premier League. W88 is known for trustworthiness, generous bonuses and wide range of markets with competitive odds

M88 | Best Betting Site Malaysia | Online Betting Site Malaysia | Best online sport betting site Malaysia
M88

M88 or Mansion88 is among the famous betting companies in Asia, having partnered with several EPL teams as well as Spanish La Liga & Badminton World Federation (BWF).

UEA8 | Best Betting Site Malaysia | Online Betting Site Malaysia | Best online sport betting site Malaysia
UEA8

UEA8 is fast catching up as Southeast Asia best online betting site with plenty of game selections to choose from such as Sports Betting, Live Casino, Slots, E-Sports, Lottery.