Hong Kong's economy expanded by 3.2% in 2023, driven by tourism and private consumption, according to advance estimates from the Hong Kong SAR government. Meanwhile, Macau's gaming revenue surged 67% in January compared to a year earlier, reaching $2.4 billion, surpassing analyst estimates. The growth is attributed to an enduring tourism boom ahead of the Lunar New Year holiday, although the market has not yet fully recovered to pre-pandemic levels.
If you’ve ever wondered why Macau gambling revenue exceeds Las Vegas (by 3x prior to Covid!), look no further than this analysts market outlook… https://t.co/VS8DZmZfHH
Field Note: Macau casinos produced $2.4B in January gaming revenue, up 67% from a year ago. But the market is still not back to 2019 pre-pandemic levels. via @TheNVIndy https://t.co/AbGyn1sfSM
Macau January casino revenue up 67 percent year over year, @howardstutz reports: https://t.co/3OrLVbHAfg
Macau’s gaming revenue rose 67% in January from a year earlier, beating analyst estimates, as an enduring tourism boom boosts business ahead of this month’s Lunar New Year holiday https://t.co/AzbrhOFe2i
Hong Kong's economy expanded by 3.2% in 2023, boosted mainly by tourism and private consumption, according to advance estimates released by the Hong Kong SAR government. https://t.co/NZosQ60fTV