Source: Zhitong Finance
Author: Wang Qiujia
Gaming stocks continued to rise. As of press release, MGM China was up 7.04%, Belle Palace was up 4.94%, Galaxy Entertainment was up 2.62%, Wynn Macau was up 2.39%, and Sands China was up 1.87%.
According to reports, on the second day of May 1st Golden Week in the Mainland (2nd), the Macau Security Police announced the number of visitors entering and leaving the country, including 150,000 inbound visitors, 74,000 entering through the border gates, and 144,000 leaving the country. Yesterday, the total number of people entering and leaving each port was 652,000. Furthermore, according to data released by the Macau Gaming Inspection and Coordination Bureau on Wednesday, the total revenue of the gaming industry increased 26% year-on-year in April to MOP 18.5 billion, exceeding market expectations.
The State Administration of Immigration recently announced 6 entry and exit management policies and measures for convenience enterprises, which took effect on May 6. These include introducing a new Hengqin to Macau group travel visa, which allows multiple trips to and from Hengqin and Macau within 7 days using the “group entry and exit” method, speeding up visa processing, and extending the period of stay for business visas to Hong Kong and Macau to 14 days. According to UBS, the new visa arrangement is positive for Macau, which is conducive to extending the length of stay for visitors and visitors to Macao and reducing logistics friction. It is expected that the “Qin and Macau Travel” visa will bring in additional visitors.
Editor/Jeffy