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<Research>M Stanley Sees Easing of Travel Endorsement to HK/ MO Mildly Positive for Casinos
Recommend 10 Positive 22 Negative 10 |
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China's National Immigration Administration announced that residents with household registration in Zhuhai can apply for the "one trip per week" endorsements to Macau from January 1, 2025, while residents of the Hengqin Guangdong-Macao In-Depth Cooperation Zone can apply for the "multiple-entry" endorsements to Macau. Morgan Stanley commented in its report that the above measures are mildly beneficial for Macau casino stocks as they should facilitate more frequent visits to Macau by residents of Zhuhai and the Hengqin Guangdong-Macao In-Depth Cooperation Zone. Yet, both Zhuhai and the Hengqin Guangdong-Macao In-Depth Cooperation Zone are not the main contributors to Macau's gaming industry. The broker also believed this move may help stabilize industry sentiment since it marked the fourth gift given by the central government to Macau this year after the measures to facilitate travel to Macau were introduced at an earlier time. AAStocks Financial News |
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