Foreign visitors must prove sufficient funds to stay in Macau

Authorities in Macau will require foreign visitors to prove they have enough funds for their stay in the city.

Macau.- From November 15, the government of Macau will require visitors to the city to prove they are self-sufficient to satisfy essential needs. Those visiting must have at least MOP5,000 (US$623) for a seven-day stay, MOP10,000 (US$1,246) for 14 days, MOP 15,000 (US$1,870) for 21 days and MOP21,000 (US$2,618) for longer.

Those who want to enter Macau must prove they have funds either with cash, negotiable instruments, travellers’ checks or other payment methods accepted in Macau. The measure comes as the government is revising its rules to allow the entrance of foreign visitors and the means of gaining a residence permit.

Macau GGR up 12% in first week of November

Sanford C. Bernstein Ltd has reported that Macau’s gross gaming revenue (GGR) for the first week of November was up 12 per cent when compared to the previous week, mainly due to a strong recovery in average daily visits. Numbers have started to recover after the impact of the outbreak of local Covid-19 cases at the beginning of October. 

There were more than 50,000 in and out movements per day last week, similar to numbers during the Labour Day break between May 1 and May 5. VIP average daily volume was up between 75 to 80 per cent month-on-month.