Chinese Tourism Boom<\/strong><\/h2>\nThe market is benefiting from a new influx of Chinese tourism. This has been spurred by Philippine President Rodrigo Durterte\u2019s efforts to mend diplomatic relations between his country and China, the regional economic superpower, at the expense of a longstanding relationship with the US.<\/p>\n
At the same time, a corruption crackdown initiated in Beijing has stemmed the slow of gamblers from the Chinese mainland to Macau.<\/p>\n
China and the Philippines had previously been at loggerheads over disputed territories in the South China Sea, but Duterte\u2019s diplomacy has opened the door to the new, upwardly mobile Chinese middle classes and high roller, alike.<\/p>\n
In the first two months of 2017, tourism from China was up 25 percent, with Chinese visitors representing 14 percent of all visits to the country.\u00a0That\u2019s likely to grow in the wake of a deal agreed in 2016 between the two countries that relaxes visa requirements.<\/p>\n
All of which is potentially good news for the future beneficiaries of Solaire\u2019s new frequent player program.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Solaire Resort and Casino in Manilla, Philippines, has a novel addition to its loyalty program. Owner Bloomberry Resorts Corp plans to reward its best customers by giving them a little ownership in the form of stock. This week, subsidiary Bloomberry Resorts & Hotels Inc announced it had purchased 382,900\u00a0shares in its parent company for […]<\/p>\n","protected":false},"author":42,"featured_media":68268,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[13519,13520,13518],"acf":[],"yoast_head":"\n
At Bloombery Casinos, Gamblers Can Redeem Loyalty Points for Stock<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n