Macau Casino Stocks Plunge with VIPJunket Ops in Beijing’s Anti-Corruption Crosshairs
Investors folded on Macau casino shares after Suncity Group, the spot’s biggest VIP junket business, reportedly warned its employees to take additional care when moving money to your Chinese enclave where video gaming is permitted.
Billionaire Steve Wynn ended up being one of many casino magnates whom lost money on Monday, as Macau casino stocks dipped on continued uncertainty about the continuing future of VIP junket operators. (Image: Vincent Yu/Associated Press)
Wynn Macau, traded on...