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Macau casino staff flee China after VIP marketers detained
Published Mon, Oct 17, 2016 · 09:50 PM
Hong Kong
CASINO shares fell as Macau operators pulled staff from China after the country detained employees of Australia's Crown Resorts, the latest sign of the government's clampdown on foreign companies trying to woo its citizens to gamble overseas.
Sands China fell as much as 5.4 per cent, while Galaxy Entertainment Group lost as much as 4.7 per cent. The Bloomberg Intelligence index of Asia-Pacific casino stocks lost 2.7 per cent as billionaire James Packer's Crown led declines, dropping as much as 13 per cent.
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