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Macau Daily Times: the English daily newspaper in Macau. Macau news, casino, politics, macau, gaming, ggr macao, macanese, macao, opinion, gambling, china
Macau Legend Development's share price plunged by as much as 30% in Hong Kong on Monday.
Analysts said the arrests herald a new era of zero tolerance of the promotion of gambling in mainland China, where all forms of gambling are illegal.
Authorities in the Chinese territory are stepping up a crackdown on illicit capital outflows from mainland China.
HONG KONG — Police in Macau, the world's biggest gambling hub, said on Sunday (Jan 30) they had arrested two men for alleged illegal gambling and money laundering, as authorities step up a crackdown on illicit capital outflows from the Chinese mainland. "One of the men involved was responsible for operating an illegal gambling syndicate while the other offered assistance,"...