Billions blown as Macau casino investors fold amid gambling review

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Billions blown as Macau casino investors fold...
 © CyprusMail 2021
Macau casino operator stocks plummeted by as much as a third on Wednesday, losing around $14 billion in value, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world’s largest gambling hub.

With Macau’s lucrative casino licences up for rebidding next year, a government proposal to revise the city’s gaming law spooked a Hong Kong market already slammed hard into the red by a broad Beijing regulatory crackdown, across sectors from technology to education and property, that has sliced hundreds of billions of dollars off asset...


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Article automatically added to our system on Wednesday, September 15, 2021

Billions blown as Macau casino investors fold amid gambling review


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Article Tags: #billions   #blown   #macau   #casino   #investors   #gambling   #review  


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