Linda Chen, vice-chairman and chief operating officer of Wynn Macau Ltd has hailed gaming performance during the Chinese New Year holidays.
Macau.- The Chinese New Year period has come to an end and operators are generally happy with the results following a rise in gross gaming revenue and visitor numbers. Linda Chen, vice-chairman and chief operating officer of Wynn Macau Ltd told local media the period saw “one of the best results” since the Covid-19 pandemic began more than two years ago.
Sanford C. Bernstein Ltd has reported that Macau’s gross gaming revenue for the Chinese New Year period was up 60 per cent when compared to 2021. Meanwhile, authorities have revealed that average daily tourist arrivals were up 25.4 per cent year-on-year to 16,242 visitors.
Macau welcomed 113,699 visitors during the Chinese New Year period, up 25.4 per cent year-on-year.
Chen said: “More and more activities held in Macau and festivals will help facilitate the healthy development of the Macau industry.”
The Wynn Macau vice-chairman also briefly touched on the gaming law amendment bill which passed the first reading of the Legislative Council in late January and is currently under consideration and discussion by a subcommittee of the Legislative Council. She said Wynn Macau is “very confident” in the upcoming public tender process.
The licences of the city’s six gaming operators are due to expire in June this yea. The government has said existing licences will be extended “short-term” if amendments to the gaming law and a new round of public tenders are not completed on time.