Casino stocks rise on report of relaxed Macau visa rules
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[MACAU] Wynn Resorts, MGM Resorts International and Las Vegas Sands rose on reports that China is easing restrictions on local tourists visiting Macau.
Travellers holding mainland China passports can now stay seven days in Macau, up from five days currently, the official Xinhua News Agency reported.
The government shortened the permitted stay last year in response to what was believed to be widespread cheating on the part of visa holders who claimed to be visiting another destination while only staying in Macau.
Wynn Resorts rose four per cent to US$97.70 at 11.50 am in New York (11.30pm Singapore time). MGM Resorts gained 3.6 per cent and Las Vegas Sands added 3.6 per cent. BLOOMBERG
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
