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REPORTS OF CHINESE GOVERNMENT SUPPORT FOR STRUGGLING MACAU
02nd October, 2015 at 21:42:13
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.
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