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China has expanded the Individual Visa Scheme for Macau, benefiting the tourism sector. Macau anticipates hosting international events to boost tourism and iGaming industry. The impact on Macau's casino industry remains uncertain, with hopes for increased revenue. Stay updated with CasinoALMA for more online gambling news.
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China Expands Individual Visa Scheme for Macau
In a significant move aimed at boosting the tourism sector, China has enlisted an additional eight cities under the Individual Visa Scheme for casino hub Macau. This adjustment is instigated as part of the structural reforms in China's travelling sector.
Expectation of Host More International Events
According to Macau's Chief Executive, Ho Iat Seng, the Special Administrative Region (SAR) is expecting to host a series of international events in the forthcoming timeline. This new initiative is hoped to invite abundant tourist influx and hence, stimulate the region's iGaming industry.
However, the substantial question lies in how this expansion in the visa scheme will impact Macau's casino industry. Considering the majority of the revenue, close to 80%, for Macau casinos comes from tourists, this could be an essential move to heighten the sector.
Yet, only the future can dictate if this new adjustment will lead to a broadened revenue source for Macau online casinos or not. Stay tuned to CasinoALMA news for more updates on this and many more from the world of online gambling.
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