RAJ REPORT

How will AQUIS list with these kind of issues on the Hong Kong exchange—-The six Macau casino stocks listed on the Hong Kong exchange lost a combined market value of $HK574 billion ($91.6 billion) in the 12 months to December 31, analysis by Fairfax Media has shown.

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Almost $100 billion was wiped off the market value of the six Macau casino stocks in 2014 after a crackdown on corruption by the Chinese government led the gambling enclave to report its first ever fall in gaming revenue.

Gambling billionaires like James Packer, Sheldon Adelson and Stanley Ho have been left with large holes in their pockets as analysts debate when a recovery may turn the fortunes of the world’s largest gambling hub.

The six Macau casino stocks listed on the Hong Kong exchange lost a combined market value of $HK574 billion ($91.6 billion) in the 12 months to December 31, analysis by Fairfax Media has shown.

Read more: http://www.smh.com.au/business/james-packer-among-billionaires-hit-by-100-billion-macau-casino-losses-20150105-12i3kn.html#ixzz3QuwScXz8

 

James Packer among billionaires hit by $100 billion Macau casino losses.

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