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Macau casino revenue rises for second month in a row;

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Macau's casino revenue rose for the second month in a row in October, with six gaming operators earning more money from players than in September.

Macau's Cotai Strip.Macau's casino revenues are rebounding for the first time in two months, and more good luck awaits as China relaunches its e-visa program. (Image: Twitter)

先月のゲーム総収入(GGR)は39億マカオパタカ(4億8230万米ドル)でした。2021年10月から11%近く減少したことになるが、カジノが約3億6550万ドルを獲得した2022年9月と比較すると31%以上高い水準にある。

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Gaming increased month-over-month for second straight month in October

2022年の10カ月間を通じて、マカオのカジノ収入は357億マカオパタカ(44億2000万米ドル)です。これは、2021年1月から10月までにカジノがパトロンから取った金額の半分であり、パンデミック前の2019年にカジノが10ヶ月を通して獲得した305億ドル以上のGGRのわずか14%である。

stock rally

Four US-listed casino companies licensed in Macau - Las Vegas Sands, MGM Resorts, Wynn Resorts and Melco Resorts - were trading high on Tuesday morning.The rise has nothing to do with October's gaming earnings report, but is linked to the resumption of China's e-visa program.

Starting today, people from mainland China can apply for an Individual Visit Plan (IVS) visa online.

For more than two and a half years, people wishing to travel to Hong Kong and Macau from mainland China had to apply for a visa directly at the State Immigration Office.This procedure often involved waiting in long lines before being interviewed for travel approval.

The online e-visa program allows you to process your visa quickly.China says its decision to resume IVS facilitation online is due to high demand and what it believes is the relative inclusion of COVID-19 among the world's most populous countries.

The E-visa is expected to finally bring back meaningful visitor numbers to Macau.This is welcome news for the six casino licensees who continue to wait for the pandemic to recover in what was the richest casino market in the world in terms of revenue before the coronavirus outbreak.

As of 11 a.m. ET on Tuesday, Sands stock was up 3.6%, MGM was up 1%, Wynn was up 4%, and Melco was up 4.5%.

big rumors swirling

China remains the only global power to continue to order shutdowns and impose severe restrictions on normal life if new COVID-19 infections are detected.China's "No COVID" policy has been criticized by many other leaders, who point to continued supply chain problems.

Along with e-visa news, Macau casino stocks appear to be trading higher today on rumors from China that the People's Republic is considering easing 'zero COVID' measures in March 2023. .

Hong Kong's Hang Seng Index rose more than 5% on Tuesday, while the Hang Seng Tech Index jumped nearly 8%.

The rumor originated from a social media post that went viral in China.The post suggested that Communist Party leaders under President Xi Jinping were forming a commission to assess how the country would exit from "zero Covid."Chinese Foreign Ministry spokesman Zhao Lijian said he was "not aware" of such discussions.

Quote of the day Could it be a word that will change your life?

I don't care if the enemy is good or bad.Even if this is an evil secret society, we have to win. bySairi Kirishima

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