Macau Casinos Jump on Report China May Give Economic Support
- Beijing to introduce policies this year for Macau: broadcaster
- JPMorgan sees potential changes such as multi-entry visas
A croupier arranges a player's button on a baccarat table inside the Broadway Macau casino.
Photographer: Billy H.C. Kwok/BloombergThis article is for subscribers only.
Macau casino operators spiked after monthly gaming revenue in the world’s largest gambling hub fell in line with forecasts, and on reports China may move to support the city’s economy.
Gross gaming revenue in Macau fell by a third in September, a 16th straight month of decline. Beijing will introduce more policies this year to support the city amid an economic adjustment, Teledifusao de Macau reported, citing Li Gang, director of the Chinese government’s local liaison office.