A weaker economy and the recent crackdown on corruption in China have pressured gambling volumes in Macau, especially in the portion of the business catering to VIP customers. (oakmark.com)
Furthermore, a government crackdown on corruption late in 2017 that saw numerous Saudi business people, including notable royals, detained and imprisoned (infamously, in the Riyadh Ritz Carlton hotel) and assets handed over to the authorities in return for freedom could also spook investors. (cnbc.com)
The official explanation for the detainments — which involve at least 11 princes, including well - known billionaire investor Prince Alwaleed bin Talal, four ministers and «dozens» of ex-ministers — is that they are part of an ongoing crackdown on corruption. (usfunds.com)