Macau casino investors fold amid review – Gloucester Advocate – Gloucester, NSW

Macau casino investors fold amid review Shares of Macau casino operators have plummeted as much as a third, losing about $US18 billion ($A24.5 billion) in value, as the government kicks off a regulatory overhaul that could see its officials supervising companies in the world’s largest gambling hub. With Macau’s lucrative casino licences up for rebidding next year, the plan spooked a Hong Kong market already deep in the red after Beijing’s regulatory crackdown on sectors from technology to education and property that sliced hundreds of billions of dollars off asset values. Wynn Macau led the plunge, falling as much as…