News Snapshot:
Good morning. The doubling of the daily bus frequency between Macau and Hong Kong is again reviving hopes of a travel bubble between the regions, something that would boost both non-gaming and mass revenue, and could come about even before Golden Week in October. What you need to know - [Genting Group’s] credit ratings have been downgraded by S&P due to the slower-than-expected recovery in Malaysia, with earnings not seen recovering until 2023. - [HK authorities] have busted a suspected money laundering and smuggling ring which they say brought millions of dollars into Macau and Zhuhai via the HKZM bridge....
