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Macau’s casinos impacted by China's anti-corruption effort

26 September 2014

MACAO -- Macau casino operators are feeling the effects of China's anti-corruption push, according to a Financial Times report.

Historically wealthy VIP gamblers flocked from China to Macau, but new rules are impacting this and some VIP gamblers are staying in China, the report explained.

A weakening in the Chinese economy and efforts to tackle money laundering are also contributing to the the 27-28 percent decline in stocks in Macau's casinos, the Financial Times noted.

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