used by the majority of Chinese customers<\/a><\/em><\/strong>.<\/p>\n\n\n\nGreater China accounts for more than 90 per cent of Macau\u2019s tourists.<\/p>\n\n\n\n
Although the resumption of the IVS visas had an immediate effect on Macau casino operators\u2019 stock, some analysts believe the change in visitation won\u2019t be so quick.<\/p>\n\n\n\n
Vitaly Umansky, an analyst at Sanford C. Bernstein in Hong Kong, told Reuters the direct impact on gaming revenue from the Zhuhai IVS restart is likely to be limited. He said: \u201cThe restart of IVS and group visa issuance is another baby step in the right direction as China and Macau slowly loosen travel between the two jurisdictions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Visas for tour groups will also be reinstated, but authorities warn the move will be revoked if it leads to a surge in Covid-19 cases.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 is reinstating the Individual Visit Scheme (IVS) for Zhuhai residents and tour group visas, effective August 12, requiring a negative COVID-19 test. This move, crucial for Macau's casino sector which heavily relies on Chinese visitors, is subject to revocation if it leads to a surge in COVID-19 cases. While operators anticipate a positive impact, analysts project a limited immediate effect on gaming revenue.","focusai_entities":"Ao Ieong U, Sanford C. Bernstein, Vitaly Umansky, Reuters","focusai_location":"Macau, Zhuhai, China, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact Forecast","query":"What is the projected GGR uplift for Macau operators in Q3\/Q4 following the IVS reinstatement, considering the analyst's cautious outlook on immediate visitation growth?"},{"label":"Operational Readiness","query":"How are Macau's integrated resorts adapting their operational capacity, staffing, and marketing strategies to capitalize on the phased return of Chinese visitors?"}],"footnotes":""},"categories":[157,16338,158],"tags":[227,257,5980],"class_list":["post-8854","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-china","tag-macau","tag-visas"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8854","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=8854"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8854\/revisions"}],"predecessor-version":[{"id":19695,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/8854\/revisions\/19695"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=8854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=8854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=8854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}