CHINA TOPIX

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

Christian George Acevedo   |

Jan 12, 2016 09:24 AM EST

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.