Skip to content

Macau Casinos Rally on Report City Issues Rules for Group Tours

  • City to mass test some areas after one new virus case found
  • Gambling hub’s economy has been battered by lack of visitors
Pedestrians pass the Wynn Macau casino resort in Macau, on Oct. 5.

Pedestrians pass the Wynn Macau casino resort in Macau, on Oct. 5.

Photographer: Eduardo Leal/Bloomberg
Updated on

Macau’s casino stocks pared gains after the city detected its first new Covid infection in about two months, denting optimism the enclave would soon start to welcome back group tours from mainland China. 

After rising as much as 3.6% Wednesday morning, a Bloomberg Intelligence gauge of Macau casino stocks closed just 0.3% higher as concern about Covid damped reopening bets. Shares had rallied earlier after local media reported that Macau had given guidelines to travel agents on resuming group tours from mainland China.