Las Vegas Sands and Wynn Resorts Valuations Tank on Chinese Crackdown

0
95

Change take

The increased supervision by the Chinese supervisory authorities in Macau threatens the US gambling resort operators a massive financial blow. Don’t expect this to lead to a mass exodus to other gaming markets in Asia, however.

Cameron Sperance

The Chinese government’s threat to tighten regulation of the casino industry puts several US gambling companies at risk. Las Vegas Sands, Wynn Resorts and MGM Resorts International all have significant presence in Macau, a Chinese Special Administrative Region that