revealed in a Wednesday letter to Las Vegas employees that he’s confident the industry will rebound and that they will be compensated and have access to benefits through at least Oct. 31<\/strong>.<\/p>\nIVS Would Seal the Deal<\/h2>\n
The consensus among analysts and industry observers is that lack of clarity on IVS issuance is the primary hurdle facing Macau concessionaires today.<\/p>\n
That makes sense, because in 2019, half of the visitors to the SAR from mainland China arrived via IVS permits. Data suggests holders of those permits often include VIPs and gamblers that freely spend at the tables, restaurants, and retail shops.<\/p>\n
The decision on IVS issuance rests solely with Beijing, and policymakers there aren’t providing any clues as to when things will change on that front.<\/strong><\/p>\n\u201cSince the immigration policy belongs to the central authority, matters related to mainland residents\u2019 travel to Macau are yet to be further clarified by the relevant state departments. Guangdong will pay close attention to relevant national policies, and adjust according to the changes, as well as to strictly implement them,\u201d according to the Guangdong Provincial COVID-19 Prevention and Control Command Office.<\/p>\n","protected":false},"excerpt":{"rendered":"
On a glum day for US equities, Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are standing out. That’s after health care officials in Guangdong province said Chinese authorities will soon broaden visa issuance for travel to Macau. But resumption of the vital individual visit scheme (IVS) permit is not part of the new agreement. […]<\/p>\n","protected":false},"author":46,"featured_media":143275,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Macau Gets Another Round of Good News on Relaxation of Some Visas<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n