Before license expiry, operators have tried to strengthen company accountability and diversify into non-gaming offerings to appease Beijing, which fears over-reliance on gambling. Beijing has also stepped up a battle on cross-border flows of funds for gambling, hitting the funding of Macau’s junket operators and their VIP clients. Beijing, increasingly wary of Macau’s acute reliance on gambling, has not yet said how the license rebidding course will likely be judged. Beijing, more and more cautious of Macau’s acute reliance on gambling, has not yet said how the license rebidding process might be judged. Before license expiry, operators have tried to strengthen company accountability and diversify into non-gaming choices to appease Beijing, fearing over-reliance on gambling. Chinese or local executives place themselves more as Macau operators than foreign ones.
HONG KONG, Sept 15 Reuters – Shares of Macau casino operators on Wednesday shed as a lot as a third of their worth, dropping about $18 billion, as the government kicked off a regulatory overhaul that could see its officials supervising firms in the world’s largest gambling hub. Discussions over the future of Macau’s casino licenses come amid rocky U.S.-China relations, leaving some traders fearing an PG สล็อต edge for home players over U.S.-primarily based casino operators. Discussions over the future of Macau’s casino licenses come amid rocky U.S.-China relations, leaving some buyers fearing an edge for domestic players over U.S.-based casino operators. Brokerage CFRA downgraded Wynn Resorts to “Sturdy Sell” from “Purchase,” citing heightened regulatory risks and mentioned the review was a major overhang for the corporate and other operators.
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