Macau casinos no longer look to high rollers as their primary source of revenue.
Instead, they are increasingly relying on the mass gaming market, the Hong Kong Economic Journal reports, citing Grant Bowie, chief executive of MGM China Holdings Ltd. (02282.HK).
VIP gaming, which has been in decline, saw better than expected takings during the “golden week” national holiday around Oct. 1.
Analysts said overall revenue is regaining momentum, with the estimated fall for October forecast to narrow to about 30 percent.
That is down from a 49 percent tumble in February from the previous year and a 37 percent average decline in the past three months.
Grant expects the central government to further relax visa restrictions on mainlanders.
Li Gang, director of Beijing’s Liaison Office, said the central government is planning to ramp up support for Macau’s economy and tourism.
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