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Hong-kong gambling Travel Bubble

Published date: 2020-11-03
Hong Kong plans to launch a “travel bubble” with Singapore during November. The news came despite reports that two staff members at terminal three of Singapore’s Changi Airport had recently tested positive for Covid-19.

Hong Kong plans to launch a “travel bubble” with Singapore during November. The news came despite reports that two staff members at terminal three of Singapore’s Changi Airport had recently tested positive for Covid-19.

The planned arrangement, which had been mentioned by a senior Hong Kong official earlier this month, would allow residents of the respective places to engage in leisure travel in each direction, quarantine-free, provided the individuals had a valid test certificate showing freedom from Covid-19 infection.

A number of investment analysts has said that curbs on inbound travel to Singapore amid the Covid-19 pandemic, have been a constraint on business recovery for Singapore’s two casino resorts. At Marina Bay Sands – one of them – third-quarter casino revenue was US$197 million, down 64.4 percent year-on-year from the US$553 million on a year earlier, said the resort’s parent Las Vegas Sands Corp in its earnings announcement last week.

Hong Kong which according to some investment analysts had before the crisis supplied at least 10 percent of Macau’s annual gross gambling revenue has not yet announced plans for a quarantine-free travel bubble with Macau.

The Hong Kong chief executive raised the Singapore bubble at a regular briefing ahead of a meeting of the city’s Executive Council. There was no mention of specifics regarding the policy.

The Hong Kong’s residents could also pay for a pre-travel Covid-19 test at four new centres the authorities are setting up. They are: on Hong Kong Island; in Kowloon; in New Territories East; and New Territories West.

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