International edition
June 17, 2021

Hong Kong growth is also rising

Macau September performance stronger than expected

(Macau).- Table game revenues are up 25 % to us$ 1.8 billion. That is ahead of what will likely be another strong weekend thanks to the mid-Autumn Festival beginning on Thursday, while October revenue should be boosted by Golden Week, which begins on the first day of the month.

T

he numbers prompted Dave Bain of Sterne Agee to up his September growth estimate from 16 to 21 %. Cameron McKnight of Wells Fargo is now expecting 20 to 24 % growth, up from his prior forecast of 18 to 22 %.

Growth is rising even outside of Macau. Visitation to the eight casino boats out of Hong Kong is up 9% to 615,328 passengers in the first half of the year, Bloomberg reported. Those boats are owned by Genting Hong Kong and Success Universe Group, both of which trade on the Hong Kong Stock Exchange.

Cheaper rooms and easier visa requirements are attracting mainland Chinese gamblers to the boats. Rooms are as low as us$ 52 a night compared to the us$ 175 a night Macau hotel rooms averaged in July.

Macau casino operators say the boats have little effect on their casinos.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook