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China's easing of travel restrictions give Macao casinos hope

After 1st half losses, companies hope Chinese arrivals will boost year-end revenues

Investors in casino operators are hopeful that Chinese arrivals will prop up earnings in Macao.   © EPA/Jiji

HONG KONG -- Beijing's easing of travel restrictions to Macao have sent the share prices of casino operators jumping, after a torrid first half that saw most of them plunging into the red as the coronavirus pandemic led to the closing of borders.

Those from Guangdong Province are now allowed to travel to the territory from Wednesday and Beijing plans to ease restrictions for travelers from other provinces from Sept. 23.

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