Macau Casinos Stung as Fewer Chinese Come and Spend Less: Chart
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Mainland Chinese have toned down their spending, shelling out 1,762 patacas ($220) per person in the first quarter on non-gambling purchases, down almost a third from 2014. That’s bad news for casino operators such as Wynn Macau Ltd. and Galaxy Entertainment Group Ltd. as they shift focus to casual gamblers and tourists to lift revenue from hotels, retail and conventions amid a two-year gambling slump. Chinese still make up about two-thirds of Macau’s visitors, even as their numbers last year fell for the first time since 2009 and eased a further 1 percent in the first four months of this year, according to data released Monday.
Questions & Answers
Q.How much less are Chinese visitors spending in Macau on non-gambling purchases?
How much less are Chinese visitors spending in Macau on non-gambling purchases?
Mainland Chinese spent 1,762 patacas ($220) per person in the first quarter on non-gambling items. This represents a decrease of almost a third compared to 2014 spending levels.
Q.Which casino operators are mentioned as being affected by this change?
Which casino operators are mentioned as being affected by this change?
Casino operators like Wynn Macau Ltd. And Galaxy Entertainment Group Ltd. Are feeling the impact. They are now focusing on casual gamblers and tourists to increase revenue from non-gambling areas.
Q.Has the number of Chinese visitors to Macau been falling recently?
Has the number of Chinese visitors to Macau been falling recently?
Yes, the number of Chinese visitors fell last year for the first time since 2009. This trend continued with a further 1 percent decline in the first four months of this year.
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