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.