UBS analysts said Thursday that gaming stocks represent a buying opportunity, as they expected casino revenues in Macau to skyrocket once it fully reopens its borders.<\/p>\n
And until then, the market will continue to benefit from the pent-up demand of mainland travelers.<\/p>\n
Ultimately it depends on whether the border will completely reopen,\u201d<\/strong> said Angus Chan of UBS Global Research.<\/p><\/blockquote>\n\u201cWhen and how Macau\u2019s border with Hong Kong reopens will also have an impact. These are more short-term volatilities. But our base case is that Covid-19 will pass eventually,” Chan continued.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hong Kong chief executive Carrie Lam\u2019s recent proposal of a \u201ctravel bubble\u201d between Macau and Hong Kong set tumbleweeds in motion on the other side of the Pearl River Delta. The South China Morning Post reports that Lam\u2019s overtures were \u201ccold-shouldered\u201d by her counterpart in Macau, which has begun its bounce-back from a pandemic-induced slump. […]<\/p>\n","protected":false},"author":36,"featured_media":172847,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\n
Covid-Free Macau Says No to Travel Corridor with Hong Kong<\/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