Shares in Macau casino operators have slumped after police arrested 11 people over alleged money-laundering and illegal cross-border gambling. It comes as authorities had earlier said they were ...
The entire infrastructure of Macau's success has been built on casinos. But under Beijing's regulatory crackdowns, gaming operators will have to abide by new rules — or risk losing their licenses.
Macau gross gaming revenue rose 6.6% year-over-year in October to 20.8 billion patacas ($2.6 billion) to roughly match the consensus estimate from analysts. The GGR tally was up 20% from the ...