Sanford C Bernstein Ltd has said that some frequent gamblers are having Macau visas turned down by Chinese authorities.<\/p>\n\n\n\n\n\n\n\n
Macau.- Sanford C. Bernstein Ltd<\/strong> reported in a memo today (Monday) that the latest checks indicate that “frequent gamblers to Macau have seen visa issuance denied by China<\/strong> immigration offices.\u201d<\/p>\n\n\n\n The note comes amid China’s ongoing clampdown on cross-border gambling. Last week, China\u2019s National Immigration Administration<\/strong> said that since 2021 it had \u201cspotted and stopped\u201d from leaving the country, over 90,000 people that were allegedly \u201cengaged in gambling activities\u201d.<\/p>\n\n\n\n Bernstein said in the note: \u201cAs China Immigration Administration just reiterated strict Covid-19 border policy and restrictions on non-essential travel, we expect near-term visitation (to Macau) and (casino) revenue may remain constrained.”<\/p>\n\n\n\n At present, Macau\u2019s borders are closed to all non-residents from outside the Greater China region.\u00a0<\/p>\n\n\n\n Bernstine added that Macau\u2019s month-to-date GGR (May 1 to 15) is MOP2.1bn (US$252m), with a month-to-date average daily rate of MOP140m (US$16.8m), down 83 per cent compared to May 2019 <\/strong>and down 58 per cent versus the May 2021 average daily rate. Bernstein predicts May GGR will be 85 per cent below its 2019 levels.<\/p>\n\n\n\n Sanford C. Bernstein Ltd<\/strong> reported last week that gross gaming revenue in Macau was up 108 per cent week-on-week<\/a> for the week ended May 9. The figure was also up 124 per cent when compared to April<\/a>.<\/p>\n\n\n\n According to the brokerage, the city recorded daily casino gross gaming revenue of MOP200m (US$24.7m). The growth was mainly due to China\u2019s Labour Day break which saw\u00a0136,647 people visit Macau<\/a>.<\/p>\n\n\n\nMacau GGR up 108% between May 1 and 9<\/h2>\n\n\n\n