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Consultation on Macau’s gambling industry revision law caused Wall Street and Hong Kong gaming stocks to plummet-BBC News

September 19, 2021
Source: breakinglatest.news breakinglatest.news
News Snapshot:
The Macau SAR government announced a consultation document on the revision of gambling industry regulations, which triggered a plummet of gambling stocks across Asia and the United States. The injury to securities investors seemed to indirectly prove that its status as the “world’s largest gambling market” was not a mere stigma. According to data from the Macau Gaming Inspection and Coordination Bureau, the local annual gross gaming revenue in 2019 was 292.455 billion patacas (36.472 billion U.S. dollars; 235.331 billion yuan), which will be interrupted by the 2019 novel coronavirus disease (COVID-19; new crown virus) epidemic in 2020 Dragged down...
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