The Chinese New Year has huge importance to the economy of Macau
Casino operators in Macau are optimistic that the forthcoming Chinese New Year (CNY) that begins on Thursday 11th February will be better than expected.
In recent conference calls both SJM and Wynn Macau senior executives said that although bookings were down on last year they did expect many mainland Chinese to travel to Macau.
However some local government regions in Macau have said that their citizens should avoid external travel it is thought that many will want to celebrate the CNY in Macau.
But with no new cases of COVID-19 reported on the mainland for some time now, operators hope that the revenues compared to last year could be around 25% lower than normal.
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