Reports Of Chinese Government Support For Struggling Macau

REPORTS OF CHINESE GOVERNMENT SUPPORT FOR STRUGGLING MACAU

02nd October, 2015 at 21:42:13
Source: http://www.azonlinecasinos.com

Gambling company shares rise on news that support is coming before year-end.

Macau's struggling gambling industry could receive a boost from the Chinese government before the end of the year, although details of what this could include have not yet been made public.

The new was enough to lift Macau gambling company share prices significantly, Bloomberg business news reported Friday.

Li Gang, director of the China's local liaison office, said the government will introduce support policies by the end of 2015, according to Teledifusao de Macau., although he did not go into specific details.

Analysts suggested that help could be coming in the way of easing restrictions on visits, particularly on casual gamblers, who are now a key demographic for the companies.

Related News Tags:



« News index »



BLITZ ON THE WAY FOR CHINESE ONLINE GAMBLING

29th March, 2017 at 08:27:22
Government plans to crack down hard on online casinos and foreign land operators targeting Chinese high rollers.

NEVADA GAMBLING REVENUES FOR FEBRUARY RELEASED

28th March, 2017 at 19:47:54
Not the best February - 4.5 percent down year-on-year.

OURGAME LOOKS TO GLOBAL EXPANSION

27th March, 2017 at 13:46:09
Particularly within social casino and eSports sectors.

CHINA'S TIGHTER CONTROLS ON CAPITAL RESULT IN MAJOR DROP IN OUTGOING INVESTMENT

21st March, 2017 at 11:24:11
Foreign companies likely to feel the impact as Q1-2017 sees a significant 74 percent decline in outgoing investment capital.

LAND CASINO INVESTOR BUYS MOBILE APP COMPANY

20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?