2019 is off to a strong start, as the Chinese Lunar New Year saw visitation jump nearly 27 percent. The enclave recorded 1.21 million arrivals during the weeklong holiday.<\/p>\n
With a threatening global recession lurking \u2013 one potential cause being the ongoing trade talks between the US and China \u2013 economic analysts believe Macau must continue to diversify its appeal in order to assure its fiscal stability.<\/p>\n
In its annual review, the International Monetary Fund (IMF) says the Special Administrative Region government should implement programs that encourage the six licensed casino operators to further invest in non-gaming amenities and attractions.<\/p>\n
\nIn its concluding statement, the IMF opines, “Authorities have the opportunity to further advance their growth strategy and should craft the new regulations with stronger incentives for operators to expand non-VIP tourism.”<\/p>\n<\/blockquote>\n
VIP gaming revenue, which once accounted for the majority of GGR in Macau, represented less than half of all casino win last year. IMF analysts say the government should consider ways to ease congestion amid growing tourism “to accommodate the higher number of tourists under a mass market and non-gaming model.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau gross gaming revenue (GGR) totaled MOP25.84 billion ($3.2 billion) in March, a negligible loss of 0.4 percent. The $3.2 billion haul surpassed analyst expectations, which predicted the world’s richest gambling hub would see a decline between three and six percent. Better than expected hold on VIP play, along with continued increased in mass market […]<\/p>\n","protected":false},"author":25,"featured_media":101873,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Macau Gross Gaming Revenue Tops Expectations, Casinos Win $3.2B<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n