Market View Minutes with Michelle: The chips are down in Macau, so is it time to look at gambling stocks?
Nov 30, 2021
02:54
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The arrest of high-profile founder of casino junket operator Suncity, Alvin Chau, sent gambling stocks tumbling on Monday. Shares of MGM China, Wynn Macau and Sands China took a hit amid concerns of the long-term impact of his arrest for alleged links to cross-border gambling and money laundering. So with the chips down in Macau, is it a good time to place your bets? Michelle Martin finds out.