International edition
June 24, 2021

Visitor arrivals totaled 7.76 million for 3Q

Macau smashes another record in October

(Macau).- Gambling revenue on the Chinese island of Macau surged 31.7 percent to a record high in October year-on-year, after a week-long national holiday brought in hordes of keen mainland punters over Golden Week. Island casinos delivered revenues totaling us$ 4.6 billion in October 2013 – the highest monthly figure on record, according to government data released on Friday.

A

nalysts had forecast October growth in the world’s biggest gambling market to be up 27-30 percent. China’s Golden Week national holiday over the first week of October saw a 10.7 percent increase in visitors from mainland China compared with a year earlier. Visitor arrivals totaled 7.76 million for the third quarter of 2013.

The lack of hotel rooms in Macau is a key constraint in terms of pushing revenue growth higher, casino executives say. While eight resorts are in the works along with additional hotels, new capacity is unlikely to open up before the end of 2014.Infrastructure developments in the coming years are expected to help lift the number of visitors to Macau, and a bridge joining Hong Kong, Zhuhai and Macau is set to open by 2016, while expanded intercity rail links will shorten the time of travel from China’s northern cities to the gambling centre.

Plans are also in place to upgrade Macau’s capacity-constrained ferry terminals and international airport.

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