The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

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

Other China Tech Buzz: