CHINA TOPIX

11/22/2024 07:56:14 pm

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Macau Billionaires

Casino Lisboa and neighboring casinos at night in Macau.

Fortunes of Macau Casino Moguls Falls as Gaming Revenue, Share Prices Drop

Macau's casino billionaires saw their fortunes drop following 2015's 34.3% decline in the revenue of Macau's casinos. The decline also affected stock prices of Macau's six casino concession holders. After a steady surge both in stock prices and casino revenues in early 2014, the six concessionaires' shares lost their value by two-thirds on average. Forbes' Mohammad Cohen quipped that obviously Macau's rich are no longer as rich as they were.

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