Gambling companies in Macau have seen their stock prices take a nosedive this week, based on worries that credit issues on private companies in China may hurt gambling revenues.
Macau, the largest gambling market in the world has seen robust growth throughout the year, but concerns over the economy may slow that progress.
According to media reports, SJM dropped 19 percent, and Galaxy Entertainment dropped 20 percent. Sands China dropped 14.3 percent, with Melco International and Wynn Macau falling by 13.6 percent each. These numbers came in against a 4.6 percent drop in the Hang Seng Index.