China Visa Laws Hurting U.S. Casino Gambling Companies

The country of China has made it more difficult for their citizens to go visit Macau. They used to be allowed to visit every two months, but new visa laws dictate that they can only visit once every three months now.

It is the U.S. casino companies that are feeling the effects of this new law. Their stocks are down thanks to the new visa laws in China, and this is not the best time for that to be happening.

In the United States, the Stock Market has dipped to depths that have rarely ever been seen in the history of the country. casino companies are already watching their stocks slip.

Now, with the new visa laws in China, those stocks are dropping even lower for companies that have properties in Macau. The economy in the U.S. and the visa laws in China are now crippling these companies.

Macau has become the gambling capital of the world, and that is mostly because of visitors from China. Visitors that used to travel to Las Vegas to gamble, now simply go to Macau. That could soon change back, however, if the new visa laws stay in effect.

October 3, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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