Xi's visit to Macau deals cold deck to VIP gamblers


  • World
  • Thursday, 18 Dec 2014

China's President Xi Jinping attends a news conference in Wellington, November 20, 2014. REUTERS/Anthony Phelps

HONG KONG (Reuters) - As Chinese President Xi Jinping arrives in Macau this weekend for his first official visit in five years, the message from Beijing is clear: the world's biggest gambling centre cannot remain a one-industry town.

Xi's pervasive anti-graft campaign contributed to a disastrous year for major casino companies, which have lost a combined $58 billion in market value over the past six months as VIPs stayed away.

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