China relaxed Macau Travel Restrictions The Chinese Government relaxed restrictions imposed to mainland Chinese residents to visit Macau, in a move to save Macau from possible economic downturn
Back In 2008, Chinese officials enforced new travel rules as they were concerned that residents in Gaungdong were gambling too much, suggesting that residents can only travel between the region and Macau twice a year. However, it has reported these rules have been relaxed, allowing more visitors into the region than ever before.
Macau's six casino operators include U.S. giants Las Vegas Sands and Wynn Resorts, along with home-grown players Galaxy and SJM Holdings and joint ventures Melco Crown and a casino jointly operated by MGM Mirage.
"We're seeing repeat customers coming back more regularly than previously," said an executive at one of the six operators. "It's been occurring for two and a half months, but they probably lightened up even more since September 1."
Macau has rocketed on to the global gambling stage in recent years following reforms earlier this decade that saw an end to a previous monopoly and awarding of licenses to multiple players, boosting competition.
The gambling market grew 57 percent in 2007 alone, fueled by a huge influx of mainland Chinese, who now make up about 65 percent of casino visitors. |
