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The casino industry in Macau is set to benefit from the Chinese government’s decision to launch a multi-entry visa for tour groups between Macau and Hengqin, as well as faster visa processing measures, according to a new investment memo from Goldman
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The investment bank noted that these policy changes “should bode well for the casino industry, especially for the grind mass and low-end premium mass segments.” The memo explained that the new measures will “facilitate more frequent travels to Macau by mainland Chinese, who may find it easier and less time-consuming to apply for visas.” Additionally, the policy is expected to “address the hotel shortage issue in Macau and potentially extend the length of stay by Chinese travelers.”
