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 Malaysia | Best Betting Site Malaysia | Best Sports Betting Site Malaysia | Best Online Casino Site Malaysia
BK8 Malaysia

Official Partner of Aston Villa F.C. & Crystal Palace F.C.
✓ Highest Reputation in Malaysia
✓ Free MYR 200 as Your First Bet
✓ MYR 6,888 Weekly Rescue Bonus

12PLAY | Best Betting Site Malaysia | Best Sports Betting Site Malaysia | Best Online Casino Site Malaysia
12PLAY

Features in Bloomberg & Yahoo Finance
✓ Welcome Bonus Up to MYR 588
✓ Lucky Draws to Win Attractive Prizes
✓ Focus on Malaysia & Singapore Market

W88 | Best Betting Site Malaysia | Best Sports Betting Site Malaysia | Best Online Casino Site Malaysia
W88

Principal Partner of Burnley F.C.
✓ Cash Rebate up to 1%
✓ Excellent Customer Support
✓ Support Multiple Languages

M88 | Best Betting Site Malaysia | Best Sports Betting Site Malaysia | Best Online Casino Site Malaysia
M88

Official Partner of Spanish La Liga
✓ High Reputation in UK & Asia
✓ Various Payment Options
✓ MYR 388 Sports Welcome Bonus