Macau’s Future in Doubt as Crackdown Spurs Global Casino Selloff
- Reactions to new scrutiny range from caution to ‘no hope’
- New rules potentially crimp dividends, foreign shareholders
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When investors started calling early Wednesday morning after China moved to tighten its grip on the world’s biggest gambling hub, the junket operator had just one thing to say: sell.
“There is no hope in Macau,” the executive said in an interview, declining to be named on concern there could be fallout for their business, which facilitates loans for bettors in Macau.