Macau casino shares fall on plan to review number of mainland visitors
Singapore
GALAXY Entertainment Group led declines in casino shares after a senior Macau official said the city wants to study restrictions on mainland Chinese tourists to ease overcrowding.
The government will approach China's central government in Beijing to analyse Macau's capacity for visitors, and to consider how "too many tourists impact residents' quality of life", local broadcaster Teledifusao de Macau cited the Secretary for Social Affairs and Culture Alexis Tam Chon Weng as saying on a radio talk-show.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue