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Bloomberg

Beijing’s ambitions to bring more tourists and gambling to an island billed as China’s Hawaii is sparking visions of a rapid transformation for an important provincial region.
The plan for Hainan includes allowing gambling on the island, relaxing visa rules and building a new airport to draw foreign cash to the southern Chinese province, people familiar with the matter said on Friday.
“If the model developed in Macau is tapped, then tourism and entertainment industries may be boosted along with gambling,” said Wendy Liu, a Shanghai-based analyst with UOB Kay Hian Investment Co. “The province may attract more shopping malls, hotels, providing an opportunity for related developers.”
How Hainan became the Hawaii of the East

While the push is intended to mark the 40th anniversary of China’s embrace of foreign investment, it’s local companies already on the ground that have the most to gain.
Here are the ones best positioned to capitalise on the plans; all companies either declined to comment or did not respond to requests for a comment.
Real-estate and resort developers would be immediate beneficiaries, as opening up tourism and gambling would spark a wave of development across the island.
How Macau helped European Enlightenment thought reach China
Fosun International Ltd has built a 10 billion yuan (US$1.6 billion) luxury Atlantis Sanya resort on the island’s southern coast. Encompassing a hotel, water park, aquarium, shopping arcade and entertainment performances, the complex is targeted to open in the second quarter of 2018.
China’s third-largest developer by sales, China Evergrande Group, is building Ocean Flower Island, a cluster of hotels, theme parks, malls and conference centres on an artificial archipelago off Hainan’s northwest coast. 
The developments appeal to families and holiday makers, the same demographic that authorities want to draw in their bid to transform Hainan.
“Land will be needed to build casinos, resorts, hotels,” said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “It will boost land prices in Hainan.”

Development will help construction companies and others tied to infrastructure. China’s leaders are said to have agreed to build an international airport on Hainan’s western coast. The island now has three airports, all on the east coast.
HNA Infrastructure Co, which provides airport services, surged as much as 13 per cent on Friday after Bloomberg reported on the proposal to legalise gambling on Hainan. The company has a home-field advantage, as its parent is based there.
Another HNA-related company that could benefit is Hainan Airlines Holding Co. The airline services about 1,400 domestic and international routes reaching more than 110 cities worldwide, according to its website. It and six other HNA units have been suspended from trading amid mounting financial pressure.
An influx of mainland Chinese tourists will have a widespread impact beyond hotels, benefiting local shopkeepers, restaurants and travel agents.

Department-store operators including Wangfujing Group Co should benefit. Dalian Wanda Group Co owns a shopping and leisure complex in Haikou, the capital of Hainan.
The company no longer has hotel assets in the province, having sold them to Guangzhou R&F Properties Co last year.
Mainland Chinese tourists drawn to Hainan could take some business away from Macau, where casino companies are enjoying booming business.
Some analysts say Macau is strong enough to withstand competition, and any moves to open another Chinese-controlled region to casinos could be years away.
Infrastructure improvements will also boost tourism to the gaming hub, said David Bonnet, partner at Delta State Holdings Ltd.
Las Vegas Sands Corp, Wynn Resorts Ltd and other Macau casino operators would still need to adjust to competition for the US$33 billion in gaming revenue the city brings in annually.
Neighbouring countries like Vietnam and the Philippines have been building casino resorts to attract the overflow of mainland Chinese gamblers. Those travellers may opt for Hainan instead, preferring the ease of gambling closer to home.


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Who will win if Hainan, ‘China’s Hawaii,’ follows Macau to become a gambler’s paradise?

epa06490994 Guo Guangchang, chairman and co-founder of Fosun International Ltd., speaks at the China-Britain Business Forum attended by British Prime Minister Theresa May (not pictured) in Shanghai, China, 02 February 2018. May is leading the largest business delegation her government has ever taken overseas as she seeks to put her Brexit troubles aside and make progress on boosting Britain's trade. EPA-EFE/CHRIS RATCLIFFE / POOL

(180115) -- HAIKOU, Jan. 15, 2018 (Xinhua) -- Photo taken on Jan. 11, 2018 shows rain forests at the Jianfengling National Nature Reserve in south China's Hainan Province.  (Xinhua/Jiang Enyu) (wyo)

Signage for the Wynn Macau casino resort, operated by Wynn Resorts Ltd., is displayed atop the company's resort in Macau, China, on Tuesday, Jan. 30, 2018. The Nevada Gaming Control Board launched a formal investigation into allegations of sexual misconduct made against Steve Wynn, a move that may ultimately mean the end of the casino mogul’s storied career. Photographer: Billy H.C. Kwok/Bloomberg

People use their smartphones to take photographs outside The Wynn Macau casino resort in Macau on January 30. Hainan wants to mimic Macau’s success as a gambling destination. File photo: Bloomberg

How Hainan became the Hawaii of the East – and other such nicknames explained

Kabul was once dubbed the Paris of the East, as was Shanghai, but the Chinese city also went by another name – Whore of the Orient. Read on to find out the stories behind the nicknames

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A beach in Haikou, Hainan Island. Picture: AFP

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