The Macao authorities have announced the start of a 45-day public consultation period to evaluate, among other aspects, the number of licenses (concessions) and terms, employee welfare, as well as the possible participation of the government as supervisors of the daily operations and thereby tighten restrictions on the gaming industry. As a result, gaming operators lost up to a third of their value, which translates to more than $ 18 billion (HK $ 143 billion).
The companies most affected after the announcement are:
Wynn Macau -34% (1128.HK)
Sands China -28% (1928.HK).
MGM China (2282.HK)
Galaxy Entertainment (0027.HK)
SJM (0880.HK)
Melco Entertainment (0200.HK)
The government's announcement comes amid unstable relations between the United States and China, which according to specialized media makes some investors fear an advantage for domestic players over US-based casino operators.
We should also highlight that since June the inspectors and departments dedicated to gambling supervision have doubled.
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