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.


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