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Macau Gaming Revenue Marches Into April with 16 Percent Surge, But Concerns Remain
Though Macau casinos have reimagined their marketing to entice the non-gaming demographic, VIP gaming has rebounded to coincide with the city s overall recovery.Stocks Trending Up
The six major gaming operators in Macau are all expected to benefit from the April gaming revenue report.
The Hong Kong Stock Exchange was closed on Monday, but when trading resumes on Tuesday, Wynn Macau, Sands China, MGM China, Melco Resorts, SJM Holdings, and Galaxy Entertainment are all expected to see their valuations climb.
Mass market visitation is up, and resumed VIP activity, under more stringent oversight, is being partially credited for Macau s recovery.
Jinping is presumed to have relaxed, at least to some degree, his directive of law enforcement , as Beijing has seen its payments from Macau decrease as generated tax revenue declined during the assault. It will be a fine line for VIPs and casinos to walk in the coming months.
But to date, Macau gaming s accumulated gross revenue through April is up almost 14 percent in 2016. Through the first four months, gaming income totals over $10.4 billion.
