Casino shares Gained from renewed tourism hope in Macau

Shares of casino companies with operations in Macau rose on Monday after the city’s government said it would ease restrictions on visitors from mainland China, boosting hopes for a return to business. rapid recovery for the city’s tourism-dependent economy.

The casino sector’s gains come after news over the weekend that Macau is expected to resume issuing e-visas and allow Chinese delegations to visit gambling centers as early as late October. Analysts said that the timeline could facilitate a return of Chinese visitors to Macau faster than expected.

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