The casino hub has more upcoming events to offer for the remainder of the year, including concerts by Irish pop band Westlife in November.Macau’s visitation grew 20% in the quarter, but revenue per visitor was only up 7%, Morgan Stanley said in an October note. While tourism boomed, there are signs that spending per person slowed as China’s ailing economy weakens consumer sentiment.Macau has been wooing tourists with a busy slate of events, including concerts by popular Hong Kong singers and a poolside dance party with former NBA star Shaquille O’Neal. About 78% of the travelers were from mainland China, the data show. Visitor arrivals during the break reached more than 932,000, taking the daily average to about 84% of the same period in 2019, according to official data.Chinese tourists flocked to Macau during the eight-day holiday early last month, contributing to the rebound in gaming revenue following a slowdown in September.That’s more than the median analyst estimate of a 392% year-on-year increase. Gross gaming revenue grew 400% to 19.5 billion patacas ($2.4 billion), according to data released by the Gaming Inspection and Coordination Bureau on Wednesday. (Bloomberg) - Macau’s casino revenue jumped in October, returning to 74% of its pre-Covid levels, after the world’s largest gambling hub saw a surge in tourists during China’s Golden Week holiday.
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