A review of casino concessions by Macau's government has weighed on shares of U.S. gambling companies with a big presence in the Chinese enclave.
Recently, Macau's gaming regulator published a five-year development plan for the city, highlighting key aspects regarding sustainable growth, regulatory oversight, and casino license renewal. Notably
CNBC's "Squawk Box" team discusses Macau casinos affected by a regulatory review of the gaming industry there with Ben Lee of IGamiX.
Shares of casino operators extended recent sharp selloffs on Thursday, as J.P. Morgan analyst Joseph Greff added some downgrades to the injury of tighter Macau regulations.
Wynn Resorts and Las Vegas Sands have tumbled. Analysts say the firms may face tougher regulations but will survive, and that their shares could be bargains.
The risk of doing business in China has increased immeasurably.
The shares of Las Vegas Sands Corp (NYSE:LVS) and Wynn Resorts, Limited (NASDAQ:WYNN) are extending their respective losses today, in the wake of a regulatory overhaul in China.

Why Wynn Resorts Stock Is Tanking Again Today

12:32pm, Wednesday, 15'th Sep 2021
Investors hate uncertainty, and Chinese officials are introducing more to Macao's gambling industry.
Shares of Wynn Resorts Ltd. WYNN, -7.72% tumbled 7.6% in midday trading, enough to pace all S&P 500 SPX, +0.33% decliners, amid continued fears of tighter regulations on casino companies operating in
Stocks like MGM, MLCO, WYNN and LVS are likely to be hurt by tougher Macau casinos rules.
The Macau gambling review will include rules about licenses and a proposal for direct government supervision of casinos.

Macao opens 45-day review for its casino industry

09:01am, Wednesday, 15'th Sep 2021
CNBC's Eunice Yoon reports on potential regulation for Macao casinos, which sent some stocks plunging.

WYNN Stock: Why It Significantly Dropped

07:52am, Wednesday, 15'th Sep 2021
The stock price of Wynn Resorts, Limited (NASDAQ: WYNN) fell 10.85% yesterday and it is down more than 5% pre-market today. This is why it happened.
Warning of an upcoming regulatory crackdown sends shares sinking by as much as a third
Las Vegas Sands LVS, -9.75% and Wynn Resorts WYNN, -10.85% fell over 7% each in premarket trade Wednesday on worries over potential regulation in Macau. MGM Resorts MGM, -3.92% also fell sharply.
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