Macau casino bonds are plunging with China’s continuing corruption crackdown deterring valuable VIP gamblers, reports Bloomberg.com.
The probes follow warnings from Chinese president Xi Jinping that the country’s ruling Communist Party is facing “severe dangers” from corruption.
The six biggest Hong Kong-listed Macau casino stocks have plummeted 32 per cent on average this year and there is the possibility that gross gaming revenue in Macau may fall this year for the first time since data was first collected in 2002.
