Why Macao Casinos Are Tumbling for a Second Straight Day

why macao casinos are tumbling for a second straight day

Sumary of Why Macao Casinos Are Tumbling for a Second Straight Day:

  • What happened Shares of casino operators in Macao, China, were tumbling hard for a second day on Wednesday after the Chinese government said it would begin imposing tough new regulations on the gambling halls.
  • So what The government recently announced it would open a 45-day public comment period on revising Macao’s gambling laws.
  • It has always been something of a ticking time bomb for operators because of the way the original concessions were issued.
  • Although it always seemed likely western operators including MGM, Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) would have their licenses renewed, there was the chance more operators would be allowed in, diluting their current stranglehold on the market.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close