Macau Casinos Decline After Report on Junket Crackdown
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Wynn Macau Ltd. slumped the most in more than a year in Hong Kong trading, leading declines among Macau casino companies after the U.K.’s Times said China plans to crack down on junket operators.
The Hong Kong-listed unit of billionaire Steve Wynn’s Las Vegas-based company plunged 6.8 percent to HK$19.44 in Hong Kong, the biggest drop since October 2011. SJM Holdings Ltd., Asia’s biggest listed gambling company by sales, retreated 6.4 percent. The four other Macau casino operators also fell.