Macau casinos see US$18bn wipeout amid crackdownBloombergMacau’s top gaming stocks yesterday lost a record US$18.4 billion in combined market value after officials said that they would change casino regulations to tighten restrictions on operators, including appointing government representatives to “supervise” companies in the world’s biggest gaming hub. The Bloomberg Intelligence index of the six big casino operators fell a record 23 percent. US operators registered the worst sell-offs, with Sands China Ltd (金沙中國) sinking as much as 33 percent, while Wynn Macau Ltd (永利澳門) plunged 34 percent, both the steepest declines ever. The Hong Kong-Zhuhai-Macau Bridge, which links the two territories and mainland China, is pictured from Hong Kong with view on Macau on June 14. A note due 2028 from Wynn Macau sunk 9 cents on the US dollar to US$0.914, according to Bloomberg-compiled prices, set for its biggest-ever decline.

Source: Taipei Times September 15, 2021 15:56 UTC