“We expect \u2026 a post-pandemic high in August (+20 percent month-on-month), helping investors to regain confidence before the all-important October Golden Week,” the JPMorgan note projected.<\/p>\n
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Though Macau has limited inbound travel throughout 2021, the region’s Statistics and Census Bureau reports that hotel occupancy through the first six months was 50.4 percent. Approximately 3.378 million guest check-ins were completed January through June, up over 23 percent on the first half of 2020.\u00a0<\/span><\/p>\n<\/div>\nMacau casino resorts will hope the enclave is less restrictive regarding entries come the fall Golden Week, one of the most important annual holidays in China. Held each October 1, the fall Golden Week holiday is to celebrate the 1949 establishment of the People’s Republic of China.<\/p>\n
Typically, most Chinese workers are afforded a weeklong holiday. And many — during a pandemic-free world — opt to take their vacation in Macau. In 2019, nearly one million travelers ventured into Macau during the October Golden Week.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Macau casino revenue surpassed $1 billion in a month for the fifth time this year, further generating optimism in the Chinese enclave. July gross gaming revenue (GGR) for the Special Administrative Region’s (SAR) six commercial casino operators totaled 8.44 billion patacas (US$1.05 billion). That’s more than 29 percent better than June 2021, and a 528 […]<\/p>\n","protected":false},"author":25,"featured_media":181557,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\n
Macau Casino Recovery Continues, July Gaming Revenue Tops $1B<\/title>\n\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