[ad_1]
Macau’s major gaming stocks on Wednesday lost a record $ 14 billion in combined market value after officials said they would change casino regulations to tighten restrictions on operators, including appointing representatives government to “oversee” businesses in the world’s largest gaming center.
The Bloomberg Intelligence Index of the six big casino operators fell 19% Wednesday, a record, before slightly reducing losses. American operators had the worst sales, with Sands China Ltd. sank up to 28%, while Wynn Macau Ltd. plunged 34%, the two largest drops on record. Galaxy Entertainment Group fell 18%, its biggest drop in a decade.
[ad_2]
Source link