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Casino Shares Gain on Hopes of Renewed Tourism in Macau

Shares of casino companies with operations in Macau rose on Monday after the city’s government said it would ease restrictions for visitors from mainland China, boosting hopes for an accelerated recovery for the city’s tourism-dependent economy.

The casino sector’s gains came after news over the weekend that Macau expects to resume issuing electronic visas and allowing Chinese group tours to visit the gambling hub as soon as late October. Analysts said that timeline could facilitate a faster-than-expected return of Chinese visitors to Macau.