process has been delayed<\/a><\/em><\/strong> due to a recent spike in Covid-19 cases in Hong Kong.<\/p>\n\n\n\nPeople leaving Macau will have to present a negative Covid-19 test result taken within seven days. They will be able to travel without quarantine to Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, and Zhaoqing.<\/p>\n\n\n\n
Shares of casino operators Las Vegas Sands and Wynn Resorts jumped by 9.6 and 11 per cent respectively following the announcement. \u00a0<\/p>\n\n\n\n
Shares in MGM Resorts International were up 6.8 per cent and Melco Resorts & Entertainment up by 18 per cent.<\/p>\n\n\n\n
According to Market Watch, there was also an impact in the prices of exchange-traded funds (ETF) with exposure to casino stocks. The VanEck Vectors Gaming ETF rose 4.65 per cent and Roundhill Sports Betting & igaming ETF rose 0.9 per cent.<\/p>\n\n\n\n
Sanford C. Bernstein analyst Vitaly Umansky said: \u201cWe expect some pent-up demand to materialize in Macau fairly rapidly as travel restrictions come down.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
As of tomorrow people travelling from Macau to nine cities in China’s Guangdong province will no longer have to quarantine.<\/p>\n","protected":false},"author":2,"featured_media":8083,"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 casino shares surged following the announcement that nine cities in China's Guangdong province will lift quarantine requirements for travelers from Macau, effective July 15. This regional travel agreement, despite prior delays due to Hong Kong's COVID-19 spike, is expected to rapidly materialize pent-up demand, significantly impacting gaming operators and related exchange-traded funds.","focusai_entities":"Las Vegas Sands, Wynn Resorts, MGM Resorts International, Melco Resorts & Entertainment, Market Watch, VanEck Vectors Gaming ETF, Roundhill Sports Betting & igaming ETF, Sanford C. Bernstein, Vitaly Umansky","focusai_location":"Macau, China, Guangdong, Hong Kong, Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen, Zhaoqing","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau GGR Projections","query":"What are the revised GGR projections for Macau integrated resorts for Q3 and Q4, considering the anticipated pent-up demand from Guangdong travelers?"},{"label":"Operator Market Share","query":"How might the lifting of travel restrictions impact the competitive landscape and market share distribution among the major Macau concessionaires in the near term?"}],"footnotes":""},"categories":[16338,163],"tags":[12415,257,12598],"class_list":["post-8081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-guangdong","tag-macau","tag-quarantine"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8081","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=8081"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8081\/revisions"}],"predecessor-version":[{"id":8092,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8081\/revisions\/8092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8083"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}