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Macau Casino Stocks Plunge with VIPJunket Ops in Beijing's Anti-Corruption Crosshairs Investors folded on Macau casino shares after Suncity Group, the spot's VIP junket company that is biggest, reportedly warned its workers to take additional caution when moving money to your Chinese enclave where gaming is permitted. Billionaire Steve Wynn had been one of many casino magnates who lost money on Monday, as Macau casino stocks dipped on continued uncertainty about the continuing future of VIP junket operators. (Image: Vincent Yu/Associated Press) Wynn Macau, traded on the Hong Kong Stock Exchange, lost almost five per cent of its share price regarding the news. Galaxy Entertainment was down more than three...
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Pennsylvania Casinos See Their Taxes Increased, Sheldon Adelson's Sands Bethlehem Suffers Most Dining Table game income at Pennsylvania casinos will be taxed two soon percent greater, and the rise will many greatly affect the Sands Casino Resort in Bethlehem. Pennsylvania casinos will soon start paying higher taxes on revenues generated at their tables. Lawmakers in Harrisburg continue steadily to look for new sources of income to bridge a $1 billion spending plan space in their state's spending plan for the upcoming fiscal year, and gambling is enemy # 1. The Republican-controlled legislature recently authorized increasing fees on casino table games from 14 to 16 %, a seemingly modest hike that...
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