Hundreds of thousands of visitors have flocked to the Chinese-controlled regions of Macau and Hong Kong since Sept. 29, data shows as China wraps up its Golden Week holiday, although the figures amounted to just about 85% of pre-pandemic levels.
In the world's biggest gambling hub of Macau, about 900,000 visitors swarmed narrow cobblestoned streets, many to punt in dozens of glitzy casinos, while others took selfie photographs at historic spots such as Senado Square.
Mass gaming revenues have bounced back to pre-COVID levels, however, analysts said, citing a recovery of more than 100%, although earnings in the coveted "big-whale" VIP category was an estimated 15% of before.100% plus recovery in mass gross gaming revenue," said D S Kim, an analyst at J.P. Morgan in Hong Kong, comparing with 2019.
Before anti-government protests in 2019, long queues were common during the holiday period outside luxury stores in the former British colony, long seen as one of the world's top shopping destinations.
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