According to chief executive Ho Iat Seng, package tours from mainland China will return to Macau in November.<\/p>\n\n\n\n\n\n\n\n
Macau.- Casino stocks have reacted swiftly after Ho Iat Seng<\/strong>, Macau’s chief executive, announced that tour packages from mainland China will resume in November. Seng also announced the return of electronically-issued exit visas for Chinese residents, including the Individual Visit Scheme (IVS)<\/p>\n\n\n\n The city’s six licenced casino operators saw gains of more than 10 per cent on Monday (September 26). Among the top performing stocks,\u00a0Sands China<\/a>\u00a0shares rose by nearly 18 per cent, SJM Holdings by 14 per cent and Wynn Macau by 10 per cent.<\/p>\n\n\n\n According to Ho, tour group rules will be eased first for Guangdong, followed by Shanghai, Zhejiang, Jiangsu, and Fujian. Macau hopes the move will see the number of daily visitors rise to 40,000, compared with\u00a0just 11,000 in August<\/a>.<\/p>\n\n\n\n Analysts at\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0have predicted that further travel restrictions in China could cause\u00a0Macau\u2019s GGR to come in at 80 per cent<\/a>\u00a0under pre-pandemic levels in September. Macau has\u00a0reopened its borders to 41 countries<\/a>, but mainland China remains the main source of tourism for Macau as it is the only place that has a largely quarantine-free travel arrangement with the city,<\/p>\n","protected":false},"excerpt":{"rendered":" According to chief executive Ho Iat Seng, package tours from mainland China will return to Macau in November.<\/p>\n","protected":false},"author":176,"featured_media":15107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Chief Executive, Ho Iat Seng, announced the resumption of mainland China package tours and electronically-issued exit visas, including the Individual Visit Scheme, starting in November. This development immediately spurred significant gains in the stock prices of Macau's six licensed casino operators, with major players like Sands China, SJM Holdings, and Wynn Macau seeing increases of 10-18%. The move is anticipated to substantially boost daily visitor numbers, mitigating previous analyst concerns regarding GGR performance.","focusai_entities":"Ho Iat Seng, Sands China, SJM Holdings, Wynn Macau, Sanford C. Bernstein Ltd","focusai_location":"Macau, China, Guangdong, Shanghai, Zhejiang, Jiangsu, Fujian","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.8), operator_casino (1.0), marketing_crm (0.9), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Projections","query":"What are the revised GGR recovery projections for Macau's gaming concessionaires following the announcement of mainland China's package tour and IVS resumption, and how do these compare to pre-pandemic levels?"},{"label":"Operational Readiness Assessment","query":"How prepared are Macau's integrated resorts, in terms of staffing, marketing, and operational capacity, to effectively capitalize on the anticipated surge in visitor volume from mainland China starting in November?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23911,23906],"class_list":["post-33796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-gambling-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=33796"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33796\/revisions"}],"predecessor-version":[{"id":33800,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33796\/revisions\/33800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15107"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}