{"id":777004492,"date":"2023-04-20T14:10:13","date_gmt":"2023-04-20T17:10:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004492"},"modified":"2026-04-22T22:40:02","modified_gmt":"2026-04-23T01:40:02","slug":"analysts-expect-strong-labour-day-break-for-macau-casinos","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/analysts-expect-strong-labour-day-break-for-macau-casinos","title":{"rendered":"Analysts expect strong Labour Day break for Macau casinos"},"content":{"rendered":"\n<p>UBS AG has predicted strong revenue for Macau&#8217;s casinos.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The upcoming<strong> Labour Day break could see Macau&#8217;s casino<\/strong> revenue rise amid the return of group tours and increased transport and hotel capacity. China&#8217;s State Council has marked April 29 to May 3 inclusive as the festive break, while Labour Day itself falls on May 1.\u00a0<\/p>\n\n\n\n<p>According to a memo from the investment bank UBS AG, out of the 26 hotels it tracks,&nbsp;<strong>14 have already sold out their rooms&nbsp;<\/strong>or have not yet released them to cash-paying guests for the May Golden Week period.<\/p>\n\n\n\n<p>Analysts at UBS said average nightly room rate among hotels in Macau for the period from April 20 to May 3 inclusive are around HKD5,500 (US$700.69), which is currently tracking above Chinese New Year levels, a reference to another peak business period. <\/p>\n\n\n\n<p>UBS&#8217;s memo noted that over the last six days, <strong>Macau&#8217;s casino gross gaming revenue (GGR) has been averaging MOP417m (US$51.6m)<\/strong> per day. This is <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-reaches-us494-4m-in-first-10-days-of-april\" target=\"_blank\">up from the MOP400m daily average<\/a>\u00a0across the previous 10 days. <\/p>\n\n\n\n<p>The current daily GGR average across VIP play and mass play is tracking at around 52 per cent of pre-pandemic levels. Meanwhile, mass play by itself is &#8220;65 per cent to 75 per cent&#8221; of mass GGR from second-quarter 2019.<\/p>\n\n\n\n<p>This year&#8217;s Chinese New Year, in late January, was the first without travel restrictions since the 2019 festival.\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-records-451047-tourist-arrivals-during-chinese-new-year\" target=\"_blank\">Macau received 451,047 visitors<\/a><strong>\u00a0<\/strong>during the holiday period between January 21 and 27. Brokerage CLSA Ltd also said that\u00a0<strong>hotel room demand in Macau for May Golden Week is &#8220;strong<\/strong>&#8220;.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>UBS AG has predicted strong revenue for Macau&#8217;s casinos.<\/p>\n","protected":false},"author":176,"featured_media":21513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"UBS AG forecasts robust casino revenue for Macau during the upcoming Labour Day break, driven by increased group tours, enhanced transport\/hotel capacity, and high hotel occupancy rates. Daily GGR is tracking at MOP417m, representing approximately 52% of pre-pandemic levels, with mass play at 65-75% of Q2 2019 figures, indicating a strong market recovery trajectory. This positive outlook is further supported by elevated average nightly room rates and strong hotel demand noted by CLSA Ltd.","focusai_entities":"UBS AG, China's State Council, CLSA Ltd","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), marketing_crm (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Segment Performance?","query":"Given the reported mass play GGR at 65-75% of Q2 2019 levels, what are the implications for the VIP segment's recovery and its contribution to overall GGR in Macau?"},{"label":"Hotel Pricing Sustainability?","query":"Is the current average nightly room rate of HKD5,500 sustainable beyond peak periods, and how does this pricing power impact the long-term profitability outlook for Macau's integrated resorts?"}],"footnotes":""},"categories":[157,16338],"tags":[23906],"class_list":["post-777004492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777004492"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004492\/revisions"}],"predecessor-version":[{"id":777004520,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004492\/revisions\/777004520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}