Early reads on Golden Week in China

|By:, SA News Editor

The crowds at casinos (MPEL, MGM, WYNN, LVS, GXYEF, SJMHF) in Macau during Golden Week continue to impress, according to analysts.

The May Day period is a national holiday in China.

The positive read for May traffic at casinos follows up on a 10.6% gain in gaming revenue in the region for April.

Early channel checks for the luxury sector haven't been quite as rosy. Mainland shoppers' demand for luxury goods is seen as lighter than a year ago.

China luxury sellers: Gucci (GUCG), Prada, Louis Vuitton (LVMUY), Coach (COH), Ralph Lauren (RL), Michael Kors (KORS), Swatch (SWGAY), Burberry (BURBY), Tiffany (TIF).