5 Million Visitors to Macau During the first quarter of 2023
The Macau Government Tourism Office (MGTO) has reported that almost five million visitors traveled to Macau during the first quarter of 2023, with approximately six in 10 visitors coming from mainland China, 30% from Hong Kong, and the remaining 10% from Taiwan and foreign markets. Macau is open to international travelers, but those not originating from China, Hong Kong, or Taiwan must still present a negative COVID-19 test for entry. The gross gaming revenue for the six casino licensees in Macau has also improved during this period, with last month marking Macau’s richest monthly gaming performance since the onset of the COVID-19 pandemic in late 2019. However, Macau’s future remains uncertain after the local government mandated that operators spend at least $13.5 billion on nongaming projects while issuing the six casinos fresh tenders last year to lessen the enclave’s economic reliance on casino gambling. The directive is expected to force casinos to focus more on the non-VIP gambler, with fewer high rollers expected to visit Macau this year and in the future, after Macau and China essentially forced out junket groups that kept Macau’s VIP gaming rooms occupied for many years.
Circa Sports Illinois Sets Timeline For Sportsbook LaunchCirca Sports, a Las Vegas-based sportsbook founded by Derek Stevens in 2019, is awaiting full operation approval in Illinois after applying for a […]