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Gambling hub Macau set for major tourism boost

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After a nearly three-year hiatus, China is finally allowing tour groups to visit Macau

Casino operators in China’s biggest gambling city are breathing a sigh of relief, as tourist groups have been given the green light to visit.

Businesses have been struggling since Beijing implemented a crackdown on corruption, and the Covid-19 pandemic battered the world’s biggest gambling hub.

Tourism is a major pillar of Macau’s economy, and the return of tour groups from China is expected to provide a much-needed boost to the city’s struggling gambling industry.

Tourists will need to apply for a visa to visit the region. The scheme itself was responsibly for around half of all Chinese visitors to the territory in 2019.

Shares in Macau casino operators soared up to 13 per cent after the e-visa scheme was placed back on the cards.

Gambling from mainland citizens accounts for around 90 per cent of casino revenue across the region.

Many of these businesses have been struggling since the crackdown began, and the return of Chinese tourists is expected to help them recover some of their lost revenue.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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