Investment bank JP Morgan has revised its earnings estimates for Macau’s gaming operators in 1Q23 upwards following the news last week that most border restrictions between Macau, mainland China and Hong Kong would be dropped from 8 January and ferry services between Hong Kong and Macau resumed.

As reported by Inside Asian Gaming, there is no longer any requirement for visitors to Macau from the mainland, Hong Kong or Taiwan to produce a negative COVID-19 test result upon entry, nor to declare their health status, while foreigners no longer face any quarantine requirement.

At the same time, ferry operators TurboJet and Cotai Water Jet both resumed sailings between Macau and Hong Kong on Sunday with an initial schedule of 10 round-trip sailing per day and rising over the coming weeks.