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Macau Continues Recovery In April With Casino GGR Up 1.1% YoY
The economic recovery process continues in Macau. A new report showed the region had grossed $8.4 billion in gaming revenue. This is equivalent to $1.05 billion in USD. This represents a 1.1% increase compared to March's. Details provided by the Game Inspection and Coordination Bureau.
Gaming gross revenue increased month-on-month, but was still lower than pre-pandemic gross revenue. For the region, April's revenue was the highest since January last year. This increase is an important indicator of the progress of the recovery process.
Macau brought in $32 billion ($4 billion) in total gaming revenue. Compared to 2020, this is a 2.6% increase. The increase in revenue came shortly after the number of tourists was provided by the local tourism agency. On April 16, the region recorded its highest daily visitor count in 15 months. Just over 34,000 people traveled to Macau that day.
Total visitor growth is now at a new previous high of 32,647 on March 26. Total visitor growth seems to be on the rise, a good sign that visitors are starting to travel more, and Macau is once again a top destination. Hopefully that number will continue to increase as the year progresses.
In late April, the deputy director of the Macau government's tourism agency reported that Labor Day tourists were expected to increase. Cheng Wai Tong said the latest reservation information for Macau shows that many hotels there are increasing reservations.
The results on May 1 are expected to be the best for Macau since the pandemic began. Talking about the number of tourists, Cheng said the daily number of visitors during Labor Day will cross the 34,000 mark after a higher total from April. 온라인카지노사이트
While tourism levels rise, China's government is busy with trials related to digital yuan currencies. Financial rules will be changed to allow Macau casinos to use blockchain-operated currencies. The People's Bank of China controls the currency, which allows the government to track where it goes.
Officials believe the digital currency will ease customer experience and allow properties to reduce costs associated with converting local cash to Hong Kong dollars.
by outl18680 on 2023-12-07 06:35:19
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