Monthly Archives: December 2015

Macau Share Prices Drop As China Regulate UnionPay

Macau’s casinos continue to experience setback after setback as Beijing and Macau continue to tighten its policies to ensure that money laundering and anti-corruption activities are curbed. The anti-corruption crackdown which Beijing launched in 2014 has resulted in Macau’s casinos experiencing 18 months of consecutive revenue decline. The casino industry has already lost over $100…