Macao Slowdown?

Macao, the former Portuguese colony across the Pearl River Estuary from Hong Kong, has been a boomtown thanks to an influx of new casinos such as the Venetian (pictured). Casino revenue is soaring, up more than 40% year-on-year in both July and August. However, rumors that Beijing is tightening visa rules for mainlanders visiting Macao have taken their toll on Macao tourism stocks recently.