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