Tuesday, June 25, 2024
HomeNewsDaily Asia Gaming eBrief: China expands individual visa scheme covering Macau

Daily Asia Gaming eBrief: China expands individual visa scheme covering Macau

Good Morning. The more the merrier. China has announced the expansion of the facilitated individual travel (FIT) scheme to include eight mainland cities, effective from May 27, 2024. While the SAR’s government focuses on non-gaming aspects of the industry, it remains unclear how the expansion will impact gaming, with analysts suggesting marginal short-term benefits. Meanwhile, SJM first quarter financial results showed slight improvements, but the slow ramp-up at Grand Lisboa Palace was considered a worrying sign for the gaming operator. Genting Singapore, on the other hand, experienced ‘robust growth’ in the same period, thanks to better visitation at the Resorts World Sentosa during the Chinese New Year and the relaxation of visa regulations between China and Singapore.

What you need to know


On the radar


AGB Intelligence

MACAU

China expands individual tourist visa covering Macau to 8 cities

The Chinese government has expanded the facilitated individual travel (FIT) scheme to include eight mainland cities for visits to Hong Kong and Macau, starting May 27, 2024. This move, approved by the State Council, aims to boost tourism and economic benefits, with the Macau Chief Executive anticipating a significant increase in mainland tourists. While the impact on the gaming industry remains uncertain, analysts suggest short-term benefits, and international arrivals are gradually increasing, as seen during the recent Golden Week holiday.


Corporate Spotlight

CDNetworks rapidly expanded in 2023, offering scrubbing service with over 15 Tbps capacity

CDNetworks rapidly expanded in 2023 offering scrubbing service with over 15 Tbps capacity

CDNetworks, the APAC-leading network to deliver edge as a service, announced it rapidly expanded its global network of scrubbing centers in 2023, offering services with a capacity exceeding 15 Tbps, helping organizations boost availability, enhance resiliency, and secure the digital experience.

A complete guide to the 1xBet affiliate program

A complete guide to the 1xBet, affiliate program

1xBet, a leading global betting company, introduced its affiliate program in 2016, quickly becoming renowned within the industry and earning recognition at the SBC Awards.


Industry Updates


MEMBERSHIP | INTELLIGENCE | ASEAN | CAREERS

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

MORE ARTICLES

FOLLOW US

daily newsletter