Macau casinos see $18 billion wipeout as China tightens grip
Macau’s top gaming stocks lost a record $18.4 billion in combined market value on Sep 15 after officials said they would change casino regulations.
Macau’s top gaming stocks lost a record $18.4 billion in combined market value on Sep 15 after officials said they would change casino regulations.
Singapore has tumbled from its top spot as the world's most competitive economy to fifth place, but remains Asia's top performing economy.
The new tax could see governments recouping billions in tax dollars to help them pay off debts incurred during the Covid-19 crisis and even out inequities in society.