WORLD NEWS Macau Casino stocks rise on lifting of quarantine for last China regions 2 months ago Iwo Bulski Post Views: 82 News of the easing of travel restrictions for the last two remaining Mainland China regions, Hebei and Heilongjiang Provinces, by the Macau government has caused Macau casino stocks to surge to a two and a half month high, according to Bloomberg. Removal of 14-day quarantine for travellers from the two mainland China provinces means that all individuals entering from Mainland China to Macau will no longer need to undergo medical observation or self-quarantine. Sands China Ltd. stocks rose 10 percent, whilst Galaxy gained 12 percent. Melco, MGM and Wynn each rose around nine percent. “Easing quarantine policy between mainland China and Macau could provide a ground for foot traffic improvement for Macau casinos,” according to Bloomberg Intelligence analyst Angela Hanlee. “We now need to watch how the mainland’s policy toward overseas gambling is in March as it does not want Macau to become an infrastructure facilitating that.” Macau has been in dire need of arrivals from Mainland China, the most recent reported figures saw Macau visitation falling 80.5 percent in January year-on-year. Beijing has been pressed by Macau’s tourism authorities to restart the Individual Visit Scheme (IVS) electronic visa, which would allow for more seamless travel between the two countries. MGTO director Maria Helena de Senna Fernandes as well as industry experts agree that the in-person process would make them hesitant, and a switch back to a digital application process would increase visitor numbers significantly. Source: casinocompendium.com Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: casino stock, Macau, report Continue Reading Previous NOVOMATIC’s THUNDERCASH™ Link wins SAGSE AwardNext Pragmatic play appoints new vp of strategy and operations More Stories ONLINE WORLD NEWS TVBET enters partnership with NewArt Gaming 2 days ago Iwo Bulski ONLINE WORLD NEWS TVBET names its top three live games in Asia in 1Q21 2 days ago Szarlot ONLINE WORLD NEWS Skrill announces Paulo Dybala as brand ambassador 3 days ago Szarlot ONLINE WORLD NEWS PokerStars names Neymar Jr as Cultural Ambassador 6 days ago Szarlot WORLD NEWS Btobet and Captain Up partner to gamify sportsbetting and casino 6 days ago Iwo Bulski ONLINE WORLD NEWS Pragmatic Play signs partnership with Doncashino 7 days ago Iwo Bulski EXPERTS WORLD NEWS Pronet Gaming shortlisted for ‘Retail Supplier of the Year’ at GGA 2021 1 week ago Iwo Bulski WORLD NEWS PragmaticPlay on short list in GGA London 2021 1 week ago Iwo Bulski BETTING WORLD NEWS When will betting shops and bookmakers reopen? 1 week ago Samuel WORLD NEWS ARISTOCRAT Gaming™ profiles Buffalo Link™ on the MarsX™ Portrait 2 weeks ago Samuel ONLINE WORLD NEWS BTOBET shortlisted for online sports betting supplier of the year award at GGA London 2 weeks ago Iwo Bulski WORLD NEWS FIFA President speaks to the G20 on combating corruption in sport 2 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.