Macau Casino Companies Decline on Card-Swipe Crackdown
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Wynn Macau Ltd. fell the most in more than two years in Hong Kong trading, leading declines among operators of China’s only legal casinos, amid concern that a crackdown on illegal money transfers will pare demand.
The unit of Wynn Resorts Ltd. slumped 8.5 percent, its biggest decline since October 2011, at the close in Hong Kong trading. MGM China Holdings Ltd. dropped 8.2 percent, while Galaxy Entertainment Group Ltd. fell 7.6 percent.