Macau gambling casino
Uncertainty over Beijing’s policies is worrying major casino operators in Macau’s fast-growing gambling market.
Shares of Las Vegas Sands and MGM Mirage fell when Portuguese news service Lusa reported that Beijing might make it harder for mainland Chinese to visit the one part of the country where gambling is legal.
China’s government has previously taken incremental steps to limit visitor numbers from the mainland in an apparent effort to cool Macau’s scorching economic growth and keep inflation in check.
According to the report, the central government might soon allow mainland Chinese to visit Macau only once every six months. Current rules allow them to visit once every two months.
The question is: how much business does Macau get from China and the SARs? If Beijing seriously clamps down on visas then there will be problems. Much more HERE.
Source: Wall Street Journal