Macau casino stocks soar as resumption of mainland China tourist visas promises to boost battered gaming revenues

Macau casino stocks soared on Tuesday on excitement that mainland China will begin reissuing tourist visas after the coronavirus left baccarat tables nearly vacant and slot machines untouched, causing a 90 per cent plunge in gaming revenue.Sands China surged nearly 10 per cent – its most in 20 months, according to Bloomberg data.Galaxy Entertainment closed with a 5.5 per cent gain, while MGM China, Wynn Macau and SJM Holdings each climbed about 5 per cent.Neighbouring city Zhuhai will be the…

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