Macau has started reissuing tourist visas to bring gamblers back and keep casino operators from losing $15 million daily in expenses.
The coronavirus lockdowns brought a severe downturn to the number of Macau's visitors that turned the world's biggest gambling hub into a ghost town.
Macau will restore visas for mainland China coming in as individuals or part of group tours in phases.
Zhuhai is the first Chinese city to be issued tourist visas.
Visitors from the mainland account for over 90 percent of Macau tourists, home to major casino operators such as Wynn, MGM, Sands, and Galaxy.
Authorities have not yet announced when the visas will be made available to tourists outside China.
According to China's National Immigration Administration, the opportunity to visit Macau will gradually be rolled out to the rest of the country in August and September.
Macau casino operators usually get revenues five times that of the Las Vegas Strip, mainly driven by Chinese demand.
China has lifted its two-week quarantine rule for Macau travelers upon across the country.
Macau, which has just 46 cases of coronavirus infections with no deaths, is heavily reliant on the tourism and gaming industry, which shrank 49% in the first quarter.


Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week
Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise
U.S. Stock Futures Rise Ahead of Holiday-Shortened Week as AI Optimism Lifts Tech
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts
Global Markets Rise as Tech Stocks Lead, Yen Strengthens, and Commodities Hit Record Highs
Global Demand for Yuan Loans and Bonds Surges as China Pushes Currency Internationalization
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness
Russia Stocks End Flat as Energy Shares Support MOEX Index
Asian Stocks Rise as Wall Street Tech Rally Lifts Markets, Yen Slumps Despite BOJ Rate Hike 



