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Macau regulation sends prices tumbling

The authorities’ intervention in the gambling market of Macau has led to a plunge in stock prices of casino operators. They lost up to a third of their value on Wednesday, Reuters reported. According to the Financial Times, the loss amounted to 18.4 billion USD. Shares in Sands China plunged 32.5 percent, Wynn Macau dropped 29 percent and MGM China lost nearly 27 percent in Hong Kong on Wednesday.

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