Macau Casino Shares Drop After Cash Disclosure Rules Report
- Sands China leads decline among gaming stocks in Hong Kong
- Macau may require cash declaration at borders, TDM reports
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Macau’s casino shares dropped in Hong Kong trading after Teledifusão de Macau reported the city may require inbound travelers to disclose cash holdings of more than 120,000 patacas ($15,000) at entry.
Sands China Ltd. fell 4 percent to HK$36.50, the biggest decline in 11 weeks. Galaxy Entertainment Group Ltd. dropped 4.7 percent and Wynn Macau Ltd. slipped 4.5 percent, while the benchmark Hang Seng Index fell 1.4 percent.