International edition
June 21, 2021

It could register an 11% increase in gambling revenues in August

Macau should see improved business during second half of the year

(Macau).- The Chinese gambling enclave of Macau should see improved business during the second half of the year, an analyst said this week, citing solid gaming revenue growth and the likelihood of easing visa restrictions.

A

nil Daswani, of Citi Investment Research, said in a client note that Macau should have at least an 11 percent increase in total gaming revenue growth in August, with a Friday visit indicating that traffic is climbing.

"There were queues at immigration and at the casino taxi ranks as well as general traffic congestion on the roads," he wrote in a client note.

Last month, Fernando Chui was endorsed by a 300-member panel as the sole candidate for Chief Executive in the former Portuguese colony's first leadership change since reverting to Chinese rule in 1999.

Chui is not expected to bring any major changes to Macau's gaming policy right away, but there is hope that his election might lead Beijing, as a goodwill gesture to the new administration, to end the visa restrictions on mainland visitors, Macau's biggest gaming customers.

 

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