Macau saw a rise in visitors in March compared to the previous year. The amount of guests hit 2.35 million by the end of the month – a rise of 7.3 percent according to data from the Statistics and Census Service. Of that number, 54.2 percent were same day visitors with the number arriving from the Mainland up 15.4 percent. Unfortunately, visitors from Hong Kong decreased 5.1 percent and those from Taiwan were down 16.7 percent. In the three months up to the end of March, arrivals increased 7.9 percent to 6.94 million showing the enclave is definitely not relenting.
Melco Crown Entertainment’s shares received a significant boost as they received an “overweight” rating from HSBC analysts. It follows a number of other analysts issuing positive forecasts on the firm’s stocks.
Wynn Macau is close to agreeing a new land concession deal with the government. Jornal Tribuna de Macau reports that final approving on the application for the land in Cotai is expected on Monday. The paper quotes a source near the deal as stating: “the contract signature ceremony is scheduled for April 30”. It came after Steve Wynn already stated he’s “hopeful” the land grant will be in position the next time he’s in Macau – which happens to be next week.