The National Immigration Administration announced that starting from January 1st next year, registered residents of Zhuhai will be able to apply for a 'one weekly visit' to Macau; while residents of the Hengqin Guangdong-Macau Deep Cooperation Zone can have 'multiple entries with one visa' to Macau.
UBS Group released a report, believing that this move is mildly bullish for Macau gaming stocks, reflecting the central government's support for Macau. However, due to the relatively small coverage, it is unlikely to bring a significant boost to gaming revenue. The bank still remains bullish on the Macau gaming industry, with Sands China (01928.HK) as its top pick.