Macao hopes lie with no-limit travel

The restrictions have contributed to a sharp downturn in the territory's gaming revenues,

Lawrence Ho – son of gambling tycoon Stanley Ho and chief executive of Nasdaq-listed Melco Crown Entertainment – yesterday told the Financial Times that he expected Macao's gaming industry to rebound in the second half of this year after a difficult 2008.

Beijing last year tightened the frequency and ease with which gamblers could travel to Macao to tame explosive growth in the territory's gaming market, a mainstay of its economy.

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