Good news for Macau’s gaming economy as industry observers forecast big business during the Chinese enclave’s holiday week, Oct. 1-7.
Operators expect numerous junkets with many high rollers, full hotels and brand-new entertainment choices, making this year’s Golden Week the most lucrative in at least the past decade. The calendar is also assisting because this year’s holiday period lasts eight days instead of seven, making it a Super Golden Week.
The expected rush is encouraging for Macau operators, now in the midst of 13 straight months with gaming revenue growth. Bloomberg also notes the world largest gambling hub is benefiting from economic expansion in China that’s outpacing the official 6.5 percent target, pent-up demand after last month’s typhoons and the Chinese government’s decision not to restrict visas before the upcoming Communist Party leadership gathering in Beijing.