Economics

China’s corruption crackdown takes toll on Macau’s US-owned casinos

MACAU, China — On a recent night, the Venetian Macau, the world’s largest casino, looked like it was hitting the jackpot. Thousands of people were testing their luck. Thousands more were shopping and watching tourists ride gondolas inside the hotel resort, just a short ferry ride from Hong Kong. But looks can be deceiving. The Venetian…