his time the so called “Golden Week” included the Mid-Autumn Festival, with the holiday lasting eight days instead of the usual seven.
Figures also showed that 76.6 percent of the visitors came from mainland China with the number of Chinese tourists increasing by 9.6 percent.
Still, numbers did not turn into revenue success that casino operators had expected for the week.
According to Bloomberg, Galaxy Entertainment Group was the worst perfomer on Hong Kong’s Hang Seng Index while Sands China Ltd. dropped 2.7 percent last week. It's not that people didn't step into casinos. They just did not gamble that much.
“Gaming revenue for the holiday was flat compared with last year, or only grew slightly,” President of the Power Macao Gaming Association Stephen Lau reportedly said.
Meanwhile, the Macau Daily Times reported that Galaxy shares fell 1.9 percent Monday while Sands China dropped 2.7 percent, the biggest decline since June 1, at the close in Hong Kong.