Macau Casino Stocks Still Face Long Odds

After a brutal downturn during the early months of the pandemic, Macau’s casinos will likely see more visitors soon. That doesn’t necessarily make casino stocks a winning bet—at least not for a while.

After months in limbo due to the pandemic, the gambling hub is finally seeing a glimmer of hope. Starting Wednesday, Chinese authorities will resume issuing tourist visas for visitors to Macau from across China. Visits to Macau had already picked up after restrictions on travelers from nearby Guangdong province were relaxed last...

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