Macau casinos suffer $18BN losses as Beijing officials plan crackdown

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Macau casinos suffer $18B losses in share collapse after Beijing officials unveiled plans for crackdown on industry

Macau, known as China's Las Vegas, saw $18 billion wiped from casinos' value. Shares plunged by up to a third ahead of an expected tightening of regulations. It comes as the government in Beijing embarks on a crackdown on the industry.

 

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