Casinos to benefit as China visa walls crumble

As China’s outbound tourism market continues to balloon, a growing number of destinations are easing visa requirements to woo the mainland traveller, with casinos in those countries likely to be among the key beneficiaries. In 2015, total outbound tourism from China rose 10 percent to 128 million. However, if you exclude Hong Kong and Macau, outbound travel was up 28 percent. According to CLSA Research, 2016 is also off to a good start with growth of more than 50 percent in Australia, Vietnam, Singapore, the Philippines and Japan. Tourism spending rose 53 percent from $140 billion in 2014 to $215 billion in 2015, says the World Travel and Tourism Council. China is expected to become the fourth-biggest source market for international tourism after the U.K., U.S. and Germany, with far flung countries such as Iceland expected to receive more visitors from China this year than from any of its Scandinavian neighbors, according...

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