China has investigated 18,000 cases of cross-border gambling and apprehended more than 110,000 people since 2020 and says it's reversing the rising trend, according to the Ministry of Public Security.
The upcoming Labor Day holiday could be a record-breaker for Mainland China in terms of domestic travel, with bookings for planes, hotel rooms, and car rentals surging past levels in 2019.
China is continuing its crackdown on cross border gambling, invalidating the passports of 145 nationals and restricting their departure from the country for three years.
The use of the digital yuan as a valid currency in Mainland China has been seen as a potential "game-changer" for Macau by overhauling its cross-border payment systems, which would significantly reduce the need for junkets, according to industry observers.
Professor Wolfgang Artl, CEO and founder of the China Outbound Tourism Research Institute (COTRI), talks to Asia Gaming Brief Managing Editor Sharon Singleton about trends in domestic travel and tourism in China.
China’s domestic travel was almost back to 2019 levels during the recent Ching Ming Festival and the pent-up demand to venture overseas once restrictions are relaxed remains intact, says Professor Wolfgang Arlt, CEO of the China Outbound Travel Research Institute (COTRI).
Despite Covid-mandated travel restrictions, the number of new hotels will continue to expand in 2021 with 820 hotel projects and 190,332 rooms due to go live in the Asia Pacific region.
China Ecotourism Group, formerly known as China LotSynergy is seeking to raise as much as HK$220.7 million through an offer of shares to existing investors to raise capital for the group, whose lottery business has been hit hard by the Covid crisis.
Any hopes that China’s anti-cross border gambling campaign may fade into the background have been dashed by Beijing’s latest pronouncements vowing a crackdown will be a key priority this year.