Factbox: How Macau is revising its multi-billion dollar gaming industry

Macau stocks plummeted by as much as a third on Wednesday, losing around $14 billion in value, as investors fear the gaming review will lead to tighter regulations in the world's largest gambling hub. L1N2QH01DA government proposal does not include how many concessions should be granted in future.

"This can mean that the government might maintain or even reduce the number of concessionaires," he added.

Amazing how a tiny spot has turned into a gaming industry hotspot!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Factbox: China crackdown wipes hundreds of billions off top companies' valuesChina's regulatory crackdown has ensnared sectors from technology to education to property, wiping hundreds of billions off the market capitalisations of some of its largest companies and putting investors on alert over who may be next. Why is China doing this to their own multi billion companies?
Source: Reuters - 🏆 2. / 97 Read more »