Thumbs down given to supervision/capital distribution changes

Proposals to increase operational supervision over the six operators, as well as suggestions for restrictions on capital distribution were two of the proposals that sent investors running for the exits once the gaming law amendments were published.
The proposals triggered a record sell off in the stocks, wiping about $18 billion in value in a single day.
However, just how negative were the amendments seen by people on the ground in Macau? Part of the issue was the lack of clarity offered up by the government as to what they actually intend and this left a lot of scope for the assumption of worst-case scenarios.
Responses to our poll reflected this uncertainty, with about a third saying they had a neutral view, although the majority of respondents did not like what they had heard so far.
About 32.1 percent said they were negative, with 8.9 percent seeing the amendments as very negative. Only 19.6 percent saw them as positive and 5.3 percent as highly positive.
Commentators have said the government is seeking to ensure that profits made in Macau go back to the local community and that adequate investments are made into diversification efforts, rather than seeing funds go into the pockets of investors overseas.
While the devil will be in the actual details, the initial reaction has made it extremely difficult for investors to take a view of the Macau market and of the valuation of the stocks.

"Following the announcement J.P. Morgan analysts called the market “uninvestable” for the time being."