Macau’s casino’s “high-rolling days are over,” declared Monday’s Wall Street Journal. This morning (when shares of Suncity’s listed arm), which doesn’t include its junket operation, resumed trading in Hong Kong, they alvynn bonus plunged 40%. On Monday, stock of Suncity Group Holdings, of which Chau is CEO, was suspended on the Hong Kong Stock Exchange; shares of Macau casino operators—including MGM China, Sands China, and Wynn Macau—tanked. On Sunday, they announced that they had arrested a 47-year-old Macau businessman surnamed Chau and 10 others on charges of money-laundering and using Macau as a base to set up a cross-border “live web betting platform” in the Philippines that lured customers from China’s mainland where gambling is strictly forbidden.
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CoinDCX (the first cryptocurrency unicorn in India valued at just over $1 billion), intends to go public as soon as regulations permit crypto firms, as stated by co-founder Neeraj Khandelwal to Bloomberg TV on Monday. On Monday, Japanese automaker Nissan announced plans to invest $17.6 billion over the next five years to expedite its vehicle electrification efforts. In a note released on Monday (the bank indicated that the new variant may present an immediate short-term risk to Asian economies), with effects likely to be most pronounced in the first quarter of 2022, depending on the outbreak’s progression. Morgan Stanley anticipates a growth rate of 1.9% quarter-on-quarter for Asia in the final three months leading to December. However — on Saturday, the government of Macau emphasized its commitment to collaborate with authorities from the mainland. The announcement of new regulations resulted in a loss of $17 billion in market capitalization for Macau casino stocks within a single day.