Our Preferred Casinos
Recent Articles
Subscribe today!
|
China relaxes visa rules, increases flow of tourists to Macau
By Gene Koprowski
China has eased restrictions on its citizens traveling
to Macau, sending casino stocks soaring today as industry executives
bet on record October earnings in the world's fastest-growing gambling
market.
Shares of two firms, Galaxy Entertainment and Melco International, soared nearly 9 percent, and SJM Holdings was up more than 6 percent. This happened even while the broader Hang Seng stock index fell 0.7 percent. Shares of U.S. casino companies were mixed, with Wynn Resorts up 1.2 percent at $70.02 in early morning trading. Las Vegas Sands was down a bit at 1.7 percent at $18.53, and MGM Mirage was down a tad at 1.2 percent at $13.06. Worried that some Beijing area residents were wagering too much in neighboring Macau, China last year imposed new rules limiting them to two trips a year there. Government officials started easing up on the rule as recently as two months ago, and noticeably loosened the restriction at the start of this month, said top executives at two of Macau's six casino licensees. This was clearly reflected in the sales figures, which have increased. © Copyright 2009 Online Casino Crawler This material may not be published, broadcast, rewritten, or redistributed. |
“Why Gamble Online?”: There are some ways to gamble, in a land based casino or online casino. Right now we are going to give you some reasons why it is better to do it online. More... Partners Casino listing Casino Tales-All about casino games, tips of your favorite online casino right here... Bonus Codes: The nice thing about an emerging & competitive industry is that consumers tend to get courted rather nicely. What bonus did you received? Learn More... Cash-Out Options: In an actual casino cardroom, the term cash out is fairly literal. Learn More… Read more articles related with the marvelous world of Online Casinos here... |
||||||||||