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Macau Theft Resulting in Huge Stock Declines for Casino Operators

The decline in casino gambling in Macau has been well documented, with over a year of declining monthly revenues experienced by the city's casinos primarily due to a crackdown on corruption by the Chinese government, smoke-free initiatives, and the gradual movement from a VIP market to a mass market model.

There is more bad news for the gaming mecca many refer to as the Las Vegas of Asia, with reports of up to hundreds of millions of dollars being stolen from a gambling junket operating inside the Wynn Macau by one of its senior employees.