CASINO WORLD NEWS World’s biggest gambling hub reopens for business 2 years ago Iwo Bulski Post Views: 525 Macau has taken its first steps on the road to recovery as the casino capital starts issuing tourist visas again. Asia’s gambling hub became a ghost town after coronavirus lockdowns saw a severe downturn in visitors. Macau authorities said they will slowly start handing out tourist visas from Wednesday to bring gamblers back. Casino operators have been losing $15m (£11.5m) daily in expenses, according to estimates. Visas for both individuals and group tours from mainland China will be restored in phases. Macau, like Hong Kong, is a special administrative region (SAR) of China. Authorities did not say when visas will be made available to tourists wanting to travel to Macau from outside China. Macau’s neighbour Zhuhai is the first mainland city to be issued tourist visas. The opportunity will gradually be rolled out to the rest of the country during August and September, according to a statement from China’s National Immigration Administration. Casino operators are excited by the relaxation of the travel ban, which was introduced in late January to contain the spread of the coronavirus. Their revenues are typically five times that of the Las Vegas Strip, driven largely by Chinese demand. On top of the re-issuing of visas, a two-week quarantine imposed on Macau travellers upon their return to mainland China was lifted across the country on Wednesday. Macau has seen a very low level of coronavirus infections with just 46 cases and no deaths. Macau’s economy is heavily reliant on the tourism and gaming industry, which shrank 49% in the first quarter of this year. While casino operators were permitted to reopen after a 15-day shutdown in February, the world’s biggest gambling hub was virtually deserted as no tourists were allowed in. Visitors from mainland China make up more than 90% of Macau’s tourists, which is home to major casino operators including Sands, Wynn, Galaxy and MGM. Investment bank Morgan Stanley has warned casinos in Macau could rack up losses of $1bn over the April to June quarter. Visitor numbers for the first half of the year are down 84% compared to 2019. Source: ebru.co.ke About Post Author Iwo Bulski Issues 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. See author's posts 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: Casinos, Macau, MGM, Sand, Wyn Continue Reading Previous Greentube extends 888 partnershipNext Land-Based Casinos In The DRC More Stories ONLINE WORLD NEWS Wazdan agrees a deal with SYNOT Interactive 1 day ago Iwo Bulski ONLINE WORLD NEWS America counting cost of illegal betting 2 days ago Iwo Bulski CASINO WORLD NEWS Novomatic attains G4 certificate in Italy and Spain 4 days ago Iwo Bulski CASINO WORLD NEWS CT Interactive in strategic deal with Kajot 5 days ago Iwo Bulski EXPERTS WORLD NEWS BMM Testlabs opens new gaming laboratory in India 6 days ago Szarlot EXPERTS WORLD NEWS Slotegrator presented digital solutions of the future at SiGMA 1 week ago Szarlot ONLINE WORLD NEWS Tips for Australian players: how to choose the best online casino 2 weeks ago Iwo Bulski ONLINE WORLD NEWS What lies ahead for the Curaçao gambling license? 2 weeks ago Iwo Bulski BETTING WORLD NEWS Lionel Messi is most feared player at 2022 World Cup 2 weeks ago Iwo Bulski ONLINE WORLD NEWS Pragmatic Play signs deal with Technamin 2 weeks ago Iwo Bulski CASINO WORLD NEWS Novomatic Italia acquires majority shares in HBG Gaming 3 weeks ago Szarlot BETTING WORLD NEWS Gerrard M88 Mansion’s World Cup ambassador 3 weeks ago Szarlot 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. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.