News Snapshot:
Macau casino operators received a big blow on Wednesday as they lost about a third of their value. The nearly $18 billion drop in market value came after the government started an overhaul of its gambling-related regulations. The new legislature will bring direct government supervision of the casino operators in the world’s biggest gambling market. Operators Lose Billions as Gambling Review is Announced On Tuesday, Lei Wai Nong, Macau’s secretary for economy and finance, informed operators that Wednesday will mark the beginning of the 45-day period of consultations on the gambling industry. The reason, as cited by Lei, is faulty...
