HONG KONG: Shares of Macau Legend , which owns and operates a casino resort in Macau, fell more than 20% to an all-time low on Monday after its chief executive was arrested and detained by police in the world's largest gambling hub.
CEO Chan Weng Lin's arrest https://www.reuters.com/world/china/police-arrest-macaus-no-2-junket-boss-crackdown-media-2022-01-30 comes as authorities have stepped up a crackdown on illicit capital outflows from the Chinese mainland, where all forms of gambling are illegal, and after the high profile arrest of Suncity boss Alvin Chau https://www.reuters.com/world/asia-pacific/gambling-group-suncitys-shares-set-rise-61-after-arrested-chairman-resigns-2021-12-02 in November.
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