Tag: macau

Feb 26 2022

Macau Casino Crackdown: Tumbling Casino shares amid CEO arrest

Macau casino stock shares plunged due to the arrest of 11 people who have alleged links to cross-border gambling and money laundering. Allegedly, among the arrested is the Chief Executive Officer of the Macau Legend Development, an authority that runs these casinos. Gambling is banned in most parts of China. It is allowed in Macau which is an administrative region of China like...

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