Seeking Alpha

Macau's Golden Week traffic in focus

  • The Macau Government Tourist Office reports tourist arrivals from Mainland China rose 4.7% from last year for the first five days of the critical Golden Week.
  • Casinos in the region are making the most out of the traffic, with revenue estimates ranging as high as 14%-17% for the year-over-year gain for Golden Week.
  • The government shutdown in the U.S. is expected to have a minor impact for Macau as some Chinese high-spenders stay closer to home with popular federal tourist destinations closed.
  • Related stocks: LVS, WYNN, MPEL, MGM
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