Golden Week to propel casino revenue to new record

2013-9-25

From：Macau Business

Deutsche Bank AG is predicting a bumper month for Macau’s casinos in October, forecasting year-on-year growth in gaming revenue of 17 percent to a record MOP32 billion (US$4 billion).

The bank says next week’s seven-day National Day vacation will help drive gross gaming revenue to a new monthly record.

Analyst Karen Tang says 14 of the 17 hotels surveyed are fully booked between October 3 and October 5, and that 13 are full for the first two nights of next month.

The bank predicts the ban on “zero fee” package tours that recoup costs by forcing tourists shop in certain places or pay for compulsory excursions will reduce the number of “low-end day-trippers”.

Copyright@Macau Business