To The Moon

1. Tourist arrivals in #Macau, the gambling Mecca of Asia, hit 2.2 million in June. That was 71% of pre-pandemic levels for the same month in 2019. For the first 6 months of the year, tourist arrivals reached 13 million, or about 70% of pre-pandemic levels. There’s definitely a significant level of improvement in the territory’s tourism-driven economy following several years of lockdowns, which closed off Macau to both mainland Chinese and international tourists.#Casino operators are spending billions to reinvent themselves into more family-oriented establishments after Beijing’s crackdown on junket operators with a reputation for aiding illicit money flows out of China. S&P Global estimates Macau’s total Gross Gaming Revenues (GGR) to reach 75% to 85% of 2019 levels, which would indic