Macau Casino Shares In Decline

Weak performance over the Chinese New Year and fears that there may be restrictions on tourists drive share prices down

The share prices of casino resorts on the Chinese gambling island of Macau went into decline this week as the stats on Chinese New Year gambling proved disappointing, and a local official revealed plans to restrict the number of tourists to the island.

The island's casino operators are already struggling with lower performance numbers brought about by the Chinese government's wide-ranging clampdown on corruption on the mainland.

Alexis Tam Chon Weng, the Secretary for Social Affairs and Culture in Macau triggered concerns when he revealed that the government is to approach the Chinese central government in Beijing with the goal of restricting the number of tourist visas issued to mainland Chinese wishing to visit Macau.

The motivation for this move is apparently to address "quality of life" problems experienced by island residents due to the huge influx of tourists – over Chinese New Year over 440,000 visitors arrived on the small island.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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