International edition
June 24, 2021

To citizens from Chinese Guangdong province

Macau casino shares soar on China visa relaxation report

(Macau).- Shares of Galaxy Entertainment rose more than 7 % on Monday after two casino executives told Reuters that China had eased its restrictions on travel to Macau by residents of China's Guangdong province.

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hares of Galaxy were up 8.67 % at 0647 GMT and shares of rival casino operator SJM were up 5.35 %, while Melco International, which holds a stake in a Macau casino operator, was up more than 9 %.

Two casino sources told Reuters that China had quietly begun relaxing restrictions for its citizens from Guangdong traveling to Macau, leading to a strong showing for casinos so far this month and big hopes for October.

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