Mainland To Reinstate Tourist Visas To Macau
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2020-08-11 HKT 17:05
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Macau is set to welcome an influx of gamblers after the mainland on Tuesday announced that tourist visas would be reinstated for all provinces from September 23.
Casino executives and investors have been eagerly awaiting the announcement as a catalyst to reviving gaming revenue, which has slumped since February due to coronavirus travel restrictions.
The National Immigration Administration said, provided the domestic coronavirus situation continued to improve, residents would be able to apply for individual and group travel visas to enter the Special Administrative Region.
Shares of Hong Kong listed casino stocks soared on Tuesday following the announcement.
Residents from the neighbouring Guangdong will be able to apply from August 26, the National Immigration Administration said. Residents from Zhuhai city are permitted from August 12.
The announcement comes nearly a month after authorities loosened coronavirus-related border restrictions between Macau and Guangdong. (Reuters)
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