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Travel & Leisure

Macao stocks bounce higher on relief about new licensing plan

Analysts see few downsides for casino operators in draft gaming law

Macao officials signaled they want to eliminate "satellite casinos" housed in hotels owned by independent companies.     © Reuters
PAK YIU and ZACH COLEMAN, Nikkei staff writers | Macao

HONG KONG -- Macao casino stocks bounced higher on Monday, with investors seeing draft gaming law amendments unveiled by the city late Friday as good news after two years of COVID-induced gloom.

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