Macau Reports 7% Rise in December Visitors

Macau reported a 7% year-over-year increase in December visits to its casinos.
Author:
Publish date:

Macau ended the year on a high note as visitors to the gaming region climbed 7% in December. Macau-exposed stocks Las Vegas Sands (LVS) - Get Report , Melco Crown Entertainment (MPEL) and Wynn Resorts(WYNN) - Get Report were all up Monday. MGM Resorts(MGM) - Get Report was the lone laggard in trading Monday.

More than 2.8 million people visited Macau in December. Overnight visits climbed 16% to more than 1.5 million people. Overall, 2016 saw a slight increase of visitors from 2015.

While more visitors came to the island, gambling revenue fell slightly. It was the third consecutive year of declines.