Macau Casino Shares Decline

The land-based casino resorts on the Chinese island of Macau have once again experienced a decline in the price of their shares.  

The gambling island has already been experiencing lower visitor numbers due to the clampdown of gambling corruption on China’s mainland, which, of course, hasn't been good for their share prices.  

The Secretary for Social Affairs and Culture in Macau; Alexis Tam Chon Weng  recently made a announced that resulted in their share prices falling even further.  He revealed that the government on Macau is planning on approaching the Beijing government to limit the amount of visas they can issue to china’s mainland tourists each year.  By limiting the number of tourists, they are hoping to improve the ‘quality of life’ for the islands residents.