The Historic Centre of Macao was listed as a UNESCO World Heritage Site in 2015. Photo: I...

Gambling shares plunge after draft revisions to Macao’s gaming law – Global Times

The Historic Centre of Macao was listed as a UNESCO World Heritage Site in 2015. Photo: ICGambling shares plunged on Wednesday in the Hong Kong market as draft revisions to Macao's gaming law sparked concerns over tougher government oversight of the city's gaming activities, as it seeks to further diversify the local economy.Sands China, a unit of US-based casino operator Las Vegas Sands Corp, led the rout with a dive of 32.51 percent. Shares of Galaxy Entertainment Group, a major operator of casinos in Macao, also lost 20 percent. By comparison, the benchmark Hang Seng Index shed 1.84 percent on Wednesday.The slump in gaming …

 

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