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Macau Jackpot Turns to Bust for Stock Investors Amid Rout

Luck is running out for the high rollers of Hong Kong’s stock market.

After rallying an average 217 percent in the last two years, shares of the six-biggest listed Macau casino operators have tumbled 20 percent in 2014 through yesterday. The retreat, paced by MGM China Holdings Ltd. and billionaire Lui Che Woo’s Galaxy Entertainment Group Ltd., is three times deeper than that of the Hang Seng Index, erasing $35 billion of market value.