Gambling revenue in the Chinese territory
of Macau fell 5 percent in January, the first drop in more than
two years, as appetite for gambling waned amid slowing economic
growth and increased headwinds from the Sino-U.S. trade war.
Pansy Ho, co-chair of Macau casino firm MGM China , has struck a strategic alliance that boosts her control of the crown jewel of her father's business empire, SJM Holdings , sending shares of SJM sharply higher on Thursday.
Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan ($4.42 billion), as China steps up measures to reduce economic risks and clamp down on illicit capital outflows.
A Malaysian judge on Friday ruled in favor of Wynn Macau in a case against a fund manager who owed the casino millions of dollars, the company's lawyer said, the first time a casino has been allowed to recover dues in the country.
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