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palace station casino and hotelThat was before the coronavirus hit.News that Guangdong will soon resume granting IVS permissions emerges just a day after Zhuhai. The news is also a pleasant surprise because some gaming executives recently speculated that the earliest Beijing would greenlight new IVS issuance would be September.There’s no denying investors like today’s news. Macau officials and concessionaires were hoping for guidance since integrated resorts in the world’s largest gaming center were shuttered for 15 days in February. Melco Resorts & Entertainment (NASDAQ:MLCO) is higher by four percent on volume that’s already more than double the daily average.It’s a Big DealIVS access for residents of Guangdong, the mainland province closest to Macau and home to approximately 113 milonline casino real money usa paypallion citizens, is vital for the gaming hub’s rebound aspirations.Last year, nearly half of all visitors to the casino center arrived from Guangdong, and of those, 72 percent did so on IVS permits. Analysts, some of whom were surprised by the Tuesday announcement, agree there could be a significant near-term bump in visits to Macau, while noting prior estimates could now prove too conservative.Recall, Macau is the only city outside mainland to/from which mainland Chinese can freely travel without quarantine,” according to JPMorgan. Because of the pandemic, GGR fell 18 percent, total revenue coming in at .72 billion.The pandemic has additionally bedridden any sort of vigor Pennsylvania casino operators had for their so-called mini casinos. pechanga casino rv resort