It is reported that many of Cotai’s hotels in Macau are almost fully booked as reservations surge ahead of Chinese New Year.
Chinese New Year (CNY), also known as the Lunar New Year, is an Asian festival which celebrates the start of the traditional Chinese calendar new year and celebrations are expected to take place in Macau from January 24th to 30th for the holiday period.
Luxury five star casino hotels are being booked in droves for four or more nights to mark the Year Of The Rat, according to recent surveys.
Among the busy big name venues were Wynn Macau, Sands Macao, MGM Cotai and Cotai Central.
The Chinese New Year is always a busy period for casino establishments in Macau, as local residents and tourists travel to areas such as the Cotai Strip, similar to the famous Las Vegas Strip to enjoy casino games, sports betting and greyhound racing.
Dubbed the ‘Gambling capital of the world’, Macau’s gambling industry makes up around 50% of the regions total revenue.
Hotels in the region are reportedly expected to be at an average of 96%-100% occupancy and average prices range from 170 euro to 241 euro per night.
Big name luxury casino and hotel resorts such as MGM Cotai and Wynn Macau have over 1000 rooms along with casino games, fine dining restaurants, spa facilities and swimming pools.
Ahead of CNY celebrations, people from all over the world are expected to play the most popular casino games of 2020 in Macau; baccarat, pai gow, fan-tan and sic bo with millions of euro worth of bets placed in just under one week.