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Billions blown as Macau casino investors fold amid gambling review
© Cyprus Mail | Billions blown as Macau casino investors fold amid gambling review

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,….. Read More On: Cyprus Mail

Article Source: Cyprus Mail
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