Casino In Hong Kong And Macau
2021年10月28日Register here: http://gg.gg/wckp9
The Venetian Macao Resort Hotel official site offer the best rate guarantee Macau luxury hotel booking, hotel offers, duty free shopping, sensational entertainment and irresistible restaurants in Macau. Book Venetian Macao Hotel right now! The total number of infections in mainland China rose by 3,235 to 20,438, and there were nearly 200 cases elsewhere across 24 countries and China’s special administrative regions of Hong Kong. Answer 1 of 16: We are planning a day trip from Hong Kong to Macau to visit a few casinos. We don’t want to gamble much but look at the Buildings, Glitz & Glamour etc. The Venetian sounds pretty good. What else is worth a visit on a day trip.
*Macau To Hong Kong Airport
*Macau And Hong Kong Map
*Casino In Hong Kong And Macau Hotel© Bloomberg The Venetian Macao resort and casino, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., left, and the Galaxy Macau casino and hotel, developed by Galaxy Entertainment Group Ltd., stands in Macau, China, on Tuesday, March 3, 2020. Casinos in Macau, the Chinese territory that’s the world’s biggest gambling hub, reported a record drop in gaming revenue, as they grappled with the cost of closing down their businesses for 15 days to help contain the deadly coronavirus outbreak.
(Bloomberg) -- Casino stocks rallied as the easing of some Chinese travel restrictions for Macau sparked optimism of a revival in the world’s largest gambling hub.Popular Searches
China’s Guangdong province agreed to lift quarantine requirements for travelers returning from neighboring Macau, making it easier for gamblers to cross the border. Galaxy Entertainment Group and Sands China Ltd. rose more than 4% in Hong Kong on Tuesday, leading gains on the Hang Seng Index. Wynn Macau Ltd. was up as much as 16%, set for its best day since 2011. SJM Holdings Ltd. and Melco International Development Ltd. increased at least 6% as of 10:24 a.m.
JPMorgan Chase & Co. expects gross gaming revenue to improve to 20%-25% of 2019 levels following the border opening with further relaxing of travel restrictions expected. That could include allowing allowing residents to skip 14-day quarantine measures when entering borders outside of Guangdong from Macau.
“We expect some pent-up demand to materialize in Macau fairly rapidly as travel restrictions come down,” Sanford C. Bernstein analyst Vitaly Umansky said in a note. While people coming from outside Guangdong will still have a hard time visiting Macau, “the overall trend is moving in the right direction.”
Bloomberg Intelligence Index for Macau casinos surged as much as 12%. U.S. casino stocks rallied overnight with MGM Resorts International up as much as 6.8%, and Melco Resorts & Entertainment’s U.S. shares jumping 18%.
The agreement with Guangdong, announced on Monday, will remove the 14-day quarantine requirement put in place by the province in late March to stem the coronavirus pandemic. That measure effectively cut off Chinese travel to the gambling enclave, leaving baccarat and roulette tables virtually empty.
The restriction will be lifted on July 15 at 6 a.m. local time. Travelers will still need to get a virus test before they go.
The easing of restrictions should provide much-needed relief to Macau’s casino industry, which saw gaming revenue plunge by more than 90% for three straight months as the highly infectious pathogen forced countries to shut borders. The lifting of quarantine requirements will now allow high-roller Chinese gamblers, the enclave’s lifeblood, to return freely.
Macau’s gross domestic product, heavily reliant on the tourism and gaming industry, shrank 49% in the first quarter of this year. Even though casino operators reopened after an unprecedented 15-day shutdown in February, travel curbs meant tourists and high rollers couldn’t get there. Morgan Stanley estimated that the industry is losing $15 million daily in expenses.
The casino takings could recover gradually to about 15% to 25% of the pre-Covid level in the near germ, given only Guangdong province, which accounts for about 40% travelers into Macau, will be reopened and no re-issuance of the travel visa yet, said Credit Suisse gaming analysts led by Kenneth Fong in a note Monday.
“Macau government has been actively working with the Zhuhai government to resume the traffic flow,” the note said, “But the progress has been slow with the resurgence of new cases in Hong Kong.”
While Macau has largely contained the coronavirus outbreak and just got good news of border relaxation, neighboring Hong Kong is tightening virus measures to limit social gathering. Schools have been ordered into an “early summer holiday,” while restaurants and bars limit the number of patrons. Events including Hong Kong’s week-long book fair and the champion awards dinner by the Jockey Club have been canceled, and Walt Disney Co. said on Monday that it was temporarily shutting down Hong Kong Disneyland on July 15.Macau Casinos See Worst Month Yet as Gaming Revenue Plunges 97%Nine Melco Executives Leave, Rest Cut Pay as Casinos StruggleMoody’s Sees More Social Risk on Gaming Sector Debt in PandemicRead More
Investors and analysts are hoping China will now take further steps to ease the resumption of visitor flow, including lifting its freeze on the individual and group tourist visas that middle-class Chinese use to travel to Macau.Macau To Hong Kong Airport
Macau has detected only a handful of coronavirus cases since April.
“We would expect that if the new policies are implemented well for some time with no contagion, the travel restrictions will continue to be loosened,” Bernstein’s Umansky said.
With the border relaxation as the first positive step of easing policies, analysts now have higher hopes for the National Day Holiday in October to bring back traffic. Citigroup Inc. expects the golden week, which is still about 10 weeks away, will be a positive driver for Macau visits, as there’ll still be limited safe travel destination options for Chinese visitors at that time.
“We remain hopeful that this Golden Week will be more “Golden” than usual for Macau if more non-Guangdong provinces and Hong Kong are added to the bubble before the Golden Week starts,” George Choi, a Hong Kong-based analyst at Citigroup Inc., wrote in a note after the government announcement.
For more articles like this, please visit us at bloomberg.com
©2020 Bloomberg L.P.
New and more strict entry level regulations have applied for Macau. During July it saw 94.5 percent revenue drop. Seeing this, casino companies like Las Vegas Sands (NYSE:LVS) and MGM resorts International (NYSE:MGM) have taken measures. The change got applied from Tuesday.
This is in wake of the increasing COVID cases in Hong Kong. This new spike in cases has pushed Macau casinos to bring about these strict entry rules. The new rules require a person to present a nucleic acid test coronavirus test. This must be done 72 hours back from entry from Hong Kong. The 14 day quarantine rule on- arrival is still in place.Macau And Hong Kong Map
It is being predicted that this new rule can further damage the casino market. About 15 percent of Macau’s gambling revenues are generated from Hong Kong. With the spike of coronavirus in Hong Kong this revenue goes for a toss.
The secretary of economy and finance in Macau, Lei Wai Nong, urged tourists and visitors to be patient. It was informed that efforts are being taken to work consolidated and closely with Mainland China. This is being done to facilitate gradual opening and lifting of travel restrictions.Casino In Hong Kong And Macau Hotel
Lei Wai Nong commented about the virus and its impact on business and stated that the pandemic has certainly stretched more than our expectations. Closely studying these changes, experienced stock analysts David and Tom Gardner said that MGM Resorts International doesn’t fit in their top 10 buys. Their top ten list is available online.
Register here: http://gg.gg/wckp9
https://diarynote.indered.space
The Venetian Macao Resort Hotel official site offer the best rate guarantee Macau luxury hotel booking, hotel offers, duty free shopping, sensational entertainment and irresistible restaurants in Macau. Book Venetian Macao Hotel right now! The total number of infections in mainland China rose by 3,235 to 20,438, and there were nearly 200 cases elsewhere across 24 countries and China’s special administrative regions of Hong Kong. Answer 1 of 16: We are planning a day trip from Hong Kong to Macau to visit a few casinos. We don’t want to gamble much but look at the Buildings, Glitz & Glamour etc. The Venetian sounds pretty good. What else is worth a visit on a day trip.
*Macau To Hong Kong Airport
*Macau And Hong Kong Map
*Casino In Hong Kong And Macau Hotel© Bloomberg The Venetian Macao resort and casino, operated by Sands China Ltd., a unit of Las Vegas Sands Corp., left, and the Galaxy Macau casino and hotel, developed by Galaxy Entertainment Group Ltd., stands in Macau, China, on Tuesday, March 3, 2020. Casinos in Macau, the Chinese territory that’s the world’s biggest gambling hub, reported a record drop in gaming revenue, as they grappled with the cost of closing down their businesses for 15 days to help contain the deadly coronavirus outbreak.
(Bloomberg) -- Casino stocks rallied as the easing of some Chinese travel restrictions for Macau sparked optimism of a revival in the world’s largest gambling hub.Popular Searches
China’s Guangdong province agreed to lift quarantine requirements for travelers returning from neighboring Macau, making it easier for gamblers to cross the border. Galaxy Entertainment Group and Sands China Ltd. rose more than 4% in Hong Kong on Tuesday, leading gains on the Hang Seng Index. Wynn Macau Ltd. was up as much as 16%, set for its best day since 2011. SJM Holdings Ltd. and Melco International Development Ltd. increased at least 6% as of 10:24 a.m.
JPMorgan Chase & Co. expects gross gaming revenue to improve to 20%-25% of 2019 levels following the border opening with further relaxing of travel restrictions expected. That could include allowing allowing residents to skip 14-day quarantine measures when entering borders outside of Guangdong from Macau.
“We expect some pent-up demand to materialize in Macau fairly rapidly as travel restrictions come down,” Sanford C. Bernstein analyst Vitaly Umansky said in a note. While people coming from outside Guangdong will still have a hard time visiting Macau, “the overall trend is moving in the right direction.”
Bloomberg Intelligence Index for Macau casinos surged as much as 12%. U.S. casino stocks rallied overnight with MGM Resorts International up as much as 6.8%, and Melco Resorts & Entertainment’s U.S. shares jumping 18%.
The agreement with Guangdong, announced on Monday, will remove the 14-day quarantine requirement put in place by the province in late March to stem the coronavirus pandemic. That measure effectively cut off Chinese travel to the gambling enclave, leaving baccarat and roulette tables virtually empty.
The restriction will be lifted on July 15 at 6 a.m. local time. Travelers will still need to get a virus test before they go.
The easing of restrictions should provide much-needed relief to Macau’s casino industry, which saw gaming revenue plunge by more than 90% for three straight months as the highly infectious pathogen forced countries to shut borders. The lifting of quarantine requirements will now allow high-roller Chinese gamblers, the enclave’s lifeblood, to return freely.
Macau’s gross domestic product, heavily reliant on the tourism and gaming industry, shrank 49% in the first quarter of this year. Even though casino operators reopened after an unprecedented 15-day shutdown in February, travel curbs meant tourists and high rollers couldn’t get there. Morgan Stanley estimated that the industry is losing $15 million daily in expenses.
The casino takings could recover gradually to about 15% to 25% of the pre-Covid level in the near germ, given only Guangdong province, which accounts for about 40% travelers into Macau, will be reopened and no re-issuance of the travel visa yet, said Credit Suisse gaming analysts led by Kenneth Fong in a note Monday.
“Macau government has been actively working with the Zhuhai government to resume the traffic flow,” the note said, “But the progress has been slow with the resurgence of new cases in Hong Kong.”
While Macau has largely contained the coronavirus outbreak and just got good news of border relaxation, neighboring Hong Kong is tightening virus measures to limit social gathering. Schools have been ordered into an “early summer holiday,” while restaurants and bars limit the number of patrons. Events including Hong Kong’s week-long book fair and the champion awards dinner by the Jockey Club have been canceled, and Walt Disney Co. said on Monday that it was temporarily shutting down Hong Kong Disneyland on July 15.Macau Casinos See Worst Month Yet as Gaming Revenue Plunges 97%Nine Melco Executives Leave, Rest Cut Pay as Casinos StruggleMoody’s Sees More Social Risk on Gaming Sector Debt in PandemicRead More
Investors and analysts are hoping China will now take further steps to ease the resumption of visitor flow, including lifting its freeze on the individual and group tourist visas that middle-class Chinese use to travel to Macau.Macau To Hong Kong Airport
Macau has detected only a handful of coronavirus cases since April.
“We would expect that if the new policies are implemented well for some time with no contagion, the travel restrictions will continue to be loosened,” Bernstein’s Umansky said.
With the border relaxation as the first positive step of easing policies, analysts now have higher hopes for the National Day Holiday in October to bring back traffic. Citigroup Inc. expects the golden week, which is still about 10 weeks away, will be a positive driver for Macau visits, as there’ll still be limited safe travel destination options for Chinese visitors at that time.
“We remain hopeful that this Golden Week will be more “Golden” than usual for Macau if more non-Guangdong provinces and Hong Kong are added to the bubble before the Golden Week starts,” George Choi, a Hong Kong-based analyst at Citigroup Inc., wrote in a note after the government announcement.
For more articles like this, please visit us at bloomberg.com
©2020 Bloomberg L.P.
New and more strict entry level regulations have applied for Macau. During July it saw 94.5 percent revenue drop. Seeing this, casino companies like Las Vegas Sands (NYSE:LVS) and MGM resorts International (NYSE:MGM) have taken measures. The change got applied from Tuesday.
This is in wake of the increasing COVID cases in Hong Kong. This new spike in cases has pushed Macau casinos to bring about these strict entry rules. The new rules require a person to present a nucleic acid test coronavirus test. This must be done 72 hours back from entry from Hong Kong. The 14 day quarantine rule on- arrival is still in place.Macau And Hong Kong Map
It is being predicted that this new rule can further damage the casino market. About 15 percent of Macau’s gambling revenues are generated from Hong Kong. With the spike of coronavirus in Hong Kong this revenue goes for a toss.
The secretary of economy and finance in Macau, Lei Wai Nong, urged tourists and visitors to be patient. It was informed that efforts are being taken to work consolidated and closely with Mainland China. This is being done to facilitate gradual opening and lifting of travel restrictions.Casino In Hong Kong And Macau Hotel
Lei Wai Nong commented about the virus and its impact on business and stated that the pandemic has certainly stretched more than our expectations. Closely studying these changes, experienced stock analysts David and Tom Gardner said that MGM Resorts International doesn’t fit in their top 10 buys. Their top ten list is available online.
Register here: http://gg.gg/wckp9
https://diarynote.indered.space
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