Macau's casino operators came under fresh pressure on Tuesday following sluggish trading over the Chinese New Year holiday, which comes amid a wider crackdown on lavish spending by mainland officials.
Shares in Wynn Macau tumbled as much as 7.9 per cent to HK$20.10 while Melco Crown Entertainment fell 7.2 per cent to HK$64.30. Galaxy Entertainment Group fell 7.3 per cent to HK$37.70 and Sands China fell 7.4 per cent to HK$35.05, making them the worst performers on Hong Kong's Hang Seng index.
Revenues for casino operators in the former Portuguese colony have been weighed down over the past year amid an official Chinese push to reduce corruption and its bedfellow, ostentatious spending.
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