Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
Shares of Macau casino operators are rallying in Hong Kong, with Melco International Development up 5.6%, MGM China up 3.3%, SJM Holdings up 2.6%, WYNN Macau up 2.3%.
Macau recorded a total of 2,213,807 tourist arrivals in May, surging 268.5% year over year but down 2.6% from the previous month, according to data released by the Statistics and Census Service. The May tally represents 65% of that in pre-pandemic May 2019.
Visitors from mainland China jumped 173.8% on year, accounting for two-thirds of the total, while the Greater Bay Area represented about half of the total visitors coming from the mainland. Visitors from Hong Kong reached 601,991, accounting for 27% of the total, while tourists from Taiwan totaled 31,537.
Macau’s total number of daily visitations stands at around 70,000 in June, with overseas visitation on the rise, said Ricky Hoi Io Meng, the Deputy Director of the Macao Government Tourism Office. Last week, tourism authorities reported that the number of daily overseas visitors had surged to between 3,000 and 5,000, which is double the daily average of overseas visitor arrivals recorded in the first quarter.
