Macao casinos fall on China's currency scrutiny
Galaxy Entertainment Group Ltd, Sands China Ltd down more than 3% in intraday trading on HK stock market on Tuesday after announcement of new foreign exchange rules
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MACAU casino operators just cannot catch a break. Just as gambling revenue in the tiny enclave starts to recover from a two-year slump, concern is building that China's increased scrutiny on capital outflows will once again curtail spending in Macau's casinos.
Galaxy Entertainment Group Ltd and Sands China Ltd tumbled more than 3 per cent in intraday trading on Hong Kong's stock market on Tuesday after China's currency regulator announced extra requirements for citizens seeking to buy foreign exchange.
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