Tough luck: Macau is experiencing its worst downturn in history as China’s slowdown and scrutiny of corruption deterred high-stake VIP gamblers from visiting the world’s largest gaming hub. – Reuters
HONG KONG: Macau casino shares fell in Hong Kong after Wells Fargo & Co cut its forecast for November gross gaming revenue due to worse-than-expected gambling data from the city’s casinos so far this month.
MGM China Holdings Ltd lost 5.5% by the close of trading in Hong Kong yesterday while Wynn Macau Ltd slumped 4.8%, both recording their biggest drop since Sept 29.
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