Macau Casinos Drop for Fourth Day on China Crackdown Speculation
- Analysts assessing risks as banks withdraw cash-back machines
- Uncertainty adds to concerns amid slowdown in revenue growth
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Macau casino shares declined for a fourth straight day as speculation over a renewed clampdown on capital outflows by China added to concerns of a slowdown in gaming revenue growth.
Investors are assessing the risks to Macau’s gaming industry after banks withdrew some cash-back machines from pawnshops and jewelry shops inside casinos in recent days. The government in the past has imposed restrictions on the use of such machines in an effort to control the flow of currency out of China. The machines are a popular source of cash for casual gamblers in Macau.