Macau casinos suffer $18BILLION losses in share collapse after Beijing officials plan crackdown

Casino operators in Macau, the city known as China ‘s Las Vegas , saw billions wiped off their value on Wednesday as their shares collapsed. Shares plummeted by as much as a third, losing about $18 billion in value, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world’s largest gambling hub.…

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