Macau bustling during Lunar New Year period

|By:, SA News Editor

The Macau Government Tourist Office reports the level of Lunar New Year tourists rose 13% to 770K people to push occupancy rates in the region's hotels to over 94%.

In a trend that bodes well for the VIP casino segment, occupancy rates at 5-star hotels topped 97%.

Overall, room prices were about 17.5% this year.

Macau related stocks: MPEL, MGM, WYNN, LVS, GXYEF, SJMHF.