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 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 – India’s CoinDCX—the country’s first cryptocurrency unicorn valued at just over $1 billion—plans to go public as soon as government regulations allow crypto firms to do so, said company co-founder Neeraj Khandelwal to Bloomberg TV on Monday. Nissan – Japanese carmaker Nissan announced on Monday that it will invest $17.6 billion in the next five years in a bid to accelerate its vehicle electrification push. The bank (in a Monday note), said that the new variant may pose an immediate short-term risk to economies in Asia—with consequences to be most visible in the first quarter of 2022, “depending on the evolution of the outbreak.” Morgan Stanley predicts a 1.9% quarter-on-quarter growth for Asia in the three months to December. But on Saturday, the Macau government stressed its determination to cooperate with mainland authorities. Announcement of the new rules wiped out $17 billion in Macau casino stocks’ market capitalization in a single day.