A person at the Guangdong office in charge of controlling visas to Macau said residents of the province could apply for permission to visit the gambling enclave only once every two months.
Macau Zhuhai Gate
Hong Kong-listed shares of Macau casino operators tumbled between 6% and 8% late this week on a report about the visa policy.
“The current Macau visa policy is once every two months,” said a person reached at the Division of Exit & Entry Administration in Guangdong province’s Public Security Bureau. She said the current policy is a change from before Oct. 1, when visitors to Macau could apply for a visa once every month.
Following a report in Hong Kong’s Ming Pao, SJM Holdings Ltd. lost 7.7%, closing at HK$4.07 (53 U.S. cents) a share. Wynn Macau Ltd. dropped 6.3%, ending at HK$10.44. Galaxy Entertainment Group Ltd. fell 6.4% to close at HK$3.38, and Melco International Development fell 7.5% to HK$4.68.
Source. WSJ
