Money

Gambling hub Macau set for major tourism boost

Published

2 years ago

September 26, 2022

ticker NEWS

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.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

5 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending