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.

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.

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.

Casino stocks plummet as China tightens grip

Casino stocks crash as Macao considers crackdown on gambling

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

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

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