Macau and its several dozen casinos are expected to get more than 32 million visitors this year, most of them from the mainland, according to Macau’s Secretary of Social Affairs and Culture.
The visitor total last year was 31.5 million. In the first seven months of this year Macau saw 3.5 percent fewer tourists – about 17.4 million – compared to the same period in 2014.
The Macau Secretary said on local television, “We are very comfortable that the number of visitors (this year) will be similar to the number we planned for at the beginning of the year.”
The possibility that China will renew its fiscal stimulus to the tune of some $2 billion is “music to the ears of Macau” – as one financial analyst put it. Gaming revenue fell for the 15th consecutive month in August. Gaming-related taxes account for more than 80 percent of Macau’s total tax receipts.
Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: [email protected].