The Macau government aims to hit pre-pandemic tourism levels

seekingalpha07-08

An official of Macau’s tourism authority says the city attracted 1.17 million overseas visitors in the first half of this year. Macau Government Tourism Office deputy director Ricky Hoi lo Meng noted ...

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Macau Government Tourism Office deputy director Ricky Hoi lo Meng noted ...</p>\n\n<a href=\"https://seekingalpha.com/news/4122512-the-macau-government-aims-to-hit-pre-pandemic-tourism-levels\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Macau government aims to hit pre-pandemic tourism levels</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Macau government aims to hit pre-pandemic tourism levels\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-08 19:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4122512-the-macau-government-aims-to-hit-pre-pandemic-tourism-levels><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An official of Macau’s tourism authority says the city attracted 1.17 million overseas visitors in the first half of this year. Macau Government Tourism Office deputy director Ricky Hoi lo Meng noted ...</p>\n\n<a href=\"https://seekingalpha.com/news/4122512-the-macau-government-aims-to-hit-pre-pandemic-tourism-levels\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4531","symbol_name":"中概回港概念","start_time":0,"source_url":"https://seekingalpha.com/news/4122512-the-macau-government-aims-to-hit-pre-pandemic-tourism-levels","article_id":"2449233774","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2449233774","pubTimestamp":1720436463,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"An official of Macau’s tourism authority says the city attracted 1.17 million overseas visitors in the first half of this year. 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Macau Government Tourism Office deputy director Ricky Hoi lo Meng noted that the region was on track to achieve the government's goal of recording more than two million inbound overseas visitors this year. By comparison, Macau received nearly 3.07 million overseas visitors in 2019, which was the year before the start of the global pandemic and tourism halt. The Macau government has a target to reach the overseas visitor level in 2025. Meg highlighted that the tourism office would continue to support expanding international tourism through collaboration with Hong Kong to launch more promotional package tours. Macau's gross gaming revenue rose 16.4% year-over-year to 20.2 billion patacas ($2.5 billion) in June, according to data from the Gaming Inspection and Coordination Bureau. That mark missed the consensus estimate for an increase of 17.5%. June GGR was also 12.4% lower than the level seen in May and was 25.7% off the level churned up in June 2019 (pre-pandemic). The monthly GGR tally was also the lowest of the year so far. Following the report, J.P. Morgan analysts highlighted that the decline was mostly due to soft seasonality, with a post-holiday slowdown anticipated. Other factors that dragged on GGR included the negative impact on tourism of UEFA Euro 2024, a low VIP hold rate, and only the Dragon Boat Festival as a traffic-generating public holiday during the month. The Macau casino sector has underperformed recently due to weak weekly GGR checks. Looking ahead, Bank of America thinks that while Las Vegas Sands (NYSE:LVS) and Wynn Resorts (WYNN) both screen interestingly on a sum-of-the-parts basis, negative earnings revisions are a risk for investors in the near term. Macau-related casino stocks: Wynn Macau (OTCPK:WYNMF) (OTCPK:WYNMY), Wynn Resorts (WYNN), Sands China (OTCPK:SCHYY) (OTCPK:SCHYF), Las Vegas Sands (LVS), MGM China (OTCPK:MCHVF), (OTCPK:MCHVY), MGM Resorts (MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF), (OTCPK:SJMHY), Melco Resorts & Entertainment (NASDAQ:MLCO), and Studio City International (NYSE:MSC).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2449233774"}