Casino stocks plummet as China tightens grip

Macau’s casino stocks plunged on Wednesday, losing more than $18 billion amid tightened regulations and restrictions.

Six big casino operators experienced the worst selloffs as stocks fell to a record of 23%. This has also resulted to the decline of China’s dollar bond market.

Officials said they will begin a 45-day public consultation on September 15 to discuss the legal revisions.

Even with the market’s panic, some say that this will not have a significant impact on casino operators.

CNN

Casino stocks crash as Macao considers crackdown on gambling

One of the world’s top gambling hubs may be staring at a dramatic overhaul ? and investors are worried.

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Quartz

Casinos could be the next target in China?s crackdown on social vice

Gambling has allowed the former Portuguese colony to flourish, but Beijing’s campaign against social vice looms.

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The Motley Fool

Why Macao’s Casino Stocks Got Crushed Today | The Motley Fool

Macao is considering more regulations, and initial rules being considered could severely limit the upside for casino stocks.

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