Macau's Golden Week surpasses expectations, according to Jeffries analyst's assessment.
Hey there! Let's chat about the buzz surrounding the gambling scene in Macau during the recent Golden Week holiday. It's a time when the enclave sees a surge in tourism, and this year, the results have been better than expected, according to Jefferies Equity Research analyst Anne Ling.
A Favorable Snapshot Amidst Global Concerns
Macroeconomic worries and the ongoing trade war between the U.S. and China have cast a shadow over various sectors. Despite these challenges, Ling pointed out that Macau's projected growth in gambling revenue—expected to be five percent or less—is a promising figure compared to the economic and diplomatic backdrop.
Boost in Gambling Grosses During Golden Week
During the Golden Week, gambling grosses saw a significant spike of 12 percent, averaging around $130 million per day. The mass-market play saw a surge of between 60 percent and 65 percent from April, while VIP action, although weaker, registered a sequential growth of 55 percent to 58 percent.
Post-Golden Week Expectations
After the holiday, Ling estimated that gambling revenue would range between $75.2 million and $81.5 million per day, amounting to a monthly tally of between $2.6 billion and $2.8 billion. This figure represents a nine percent increase from 2024 levels.
Tourism Boom During Golden Week 2025
Statistics from Macanese casino regulators reveal that visitation to Macau during the Golden Week of 2025 jumped approximately 40 percent year over year. The enclave saw an average of 170,000 tourists per day, surpassing the government's estimates of 634,000-700,000 visitors by roughly 150,000. The tourism data showed that the 2025 Golden Week outperformed the previous year's event by seven percent.
Hotel Occupancy and Visitor Profile
Despite a higher volume of day-tripping visitors, hotel occupancy stood at a robust 90 percent for the first three days of the holiday. Interestingly, forty percent of visitors were expected to stay one to two nights, with the remaining 60 percent making same-day trips.
While concerns over volume levels persist due to the overall economy and potential impact from the trade war, Ling projected growth in gambling revenue for major players like Sands, MGM China, and Wynn, with expected increases of six percent, seven percent, and two percent, respectively.
That's all for now, but stay tuned for more updates on Macau's gambling scene! 🤩🃏
- Despite the macroeconomic worries and the ongoing trade war between the U.S. and China, Macau's gambling revenue during the Golden Week showed a positive trend, with a projected growth of five percent, according to Jefferies Equity Research analyst Anne Ling.
- The gambling grosses during the Golden Week 2021 saw a significant spike of 12 percent, averaging around $130 million per day, indicating a boost in the gaming industry despite global concerns.
- After the holiday, Ling estimated that the average daily gambling revenue would remain high, ranging between $75.2 million and $81.5 million per day, representing a nine percent increase from 2024 levels, indicating a favorable future for Macau's gambling finance and lifestyle industry.
