The Hong Kong-listed stocks of Macau gaming operators fell on Monday on renewed fears of a regulatory crackdown by Beijing. Photo: AFP
The Hong Kong-listed stocks of Macau gaming operators fell on Monday on renewed fears of a regulatory crackdown by Beijing. Photo: AFP
Gaming
Business /  Banking & Finance

Macau casino stocks lose almost US$5 billion in sell-off as China’s gambling crackdown snares junket boss

  • Alvin Chau, head of Macau casino junket operator Suncity Group, arrested along with 10 others as authorities investigate a cross-border gambling syndicate
  • An index tracking major casino concessionaires tumbled 7.6 per cent, erasing US$4.8 billion of market value or about one-third of the September rout

Topic |   Gaming
Enoch YiuZhang Shidong
Enoch Yiu in Hong Kongand Zhang Shidong in Shanghai

Updated: 4:54pm, 29 Nov, 2021

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The Hong Kong-listed stocks of Macau gaming operators fell on Monday on renewed fears of a regulatory crackdown by Beijing. Photo: AFP
The Hong Kong-listed stocks of Macau gaming operators fell on Monday on renewed fears of a regulatory crackdown by Beijing. Photo: AFP
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