Macau casino stocks plunge as gov't kicks off consultation | Business and Economy News

Macau casino operator stocks have plummeted by as much as a third, losing about $14bn in value, as the government kicked off a public consultation that investors fear will lead to tighter regulations in the world's largest gambling hub. With Macau's lucrative casino licences up for rebidding next year, a government proposal to revise the city's gaming law spooked a Hong Kong market already slammed hard into the red by a broad Beijing regulatory crackdown, across sectors from technology to education and property, that has sliced hundreds of billions of dollars off asset values. Wynn Macau led the plunge, falling…