Macau Launches Public Consultation on Amendment to "Gaming Law", Gaming Stocks Tumbled

Macau launches public consultation on amendments to “gaming law”, gaming stocks plummet

2021-09-15 09:45

Source: Securities Times·e Company

Author: Zhang Yifan

Securities Times·e Company

Zhang Yifan

2021-09-15 09:45

According to the Securities Times e Company, in the early trading of September 15, Hong Kong stocks’ gaming concept stocks plummeted across the board. As of press time, Wynn Macau has fallen by more than 28%, Sands China has fallen by more than 23%, MGM China has fallen by nearly 19%, and Galaxy Entertainment has fallen by more than 17%. On the news, the Macao Special Administrative Region Government will launch a 45-day public consultation on the amendment of the Macao Special Administrative Region Law No. 16/2001 “Casino Lucky Gaming Operation Legal System” (commonly known as the “Gaming Law”), and put forward nine key points of consultation, including operation The amount of lucky betting in the casino, etc.

Disclaimer: The Securities Times strives to be truthful and accurate. The content mentioned in the article is for reference only and does not constitute substantive investment advice. The operation is at your own risk accordingly.