In Macau and the beginnings of a post-coronavirus recovery for the local casino industry could reportedly soon be on the cards following news that the city’s combined five-star hotel bookings for the first week of October are already hovering near the 80% mark.
According to a Tuesday report from Inside Asian Gaming, the former Portuguese enclave has recently suffered through five consecutive months in which its 39 casinos have seen their aggregated gross gaming revenues fall by at least 90% year-on-year owing to an associated drop in the numbers of arriving tourists.
Also known as ‘National Day,’ the annual ‘Golden Week’ public holiday commemorates the establishment of the modern state of China and has regularly involved large numbers of mainland tourists visiting Macau in order to enjoy the city’s plethora of entertainment and gambling facilities. Although fears were reportedly high that the ongoing coronavirus pandemic would stifle such visitation, Beijing last month boosted revival hopes by once again beginning to issue Individual Visit Scheme (IVS) and group travel visas following an over 23-week suspension that had been directly linked to the outbreak
Read More – https://news.worldcasinodirectory.com/macau-hotels-expecting-positive-golden-week-performance-83745
