HONG KONG, Nov 29 (Reuters) – Macau casino stocks slid on Monday, rattled by the arrests of 11 people over alleged links to cross-border gambling and money laundering, with the founder of the gaming hub’s biggest junket operator among those detained.

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casino operators Sands, MGM and Wynn each saw revenue plummet roughly 80% last year and the sector will also now have to contend with the potential threat to tourism posed by the new coronavirus variant Omicron.

“War Machine” never quite snaps to attention. Michôd’s script dishonorably discharges the old filmmaking maxim to show rather than tell. The 2-hour movie leans heavily on an intrusive and interminable voice-over that introduces every character and explains every little detail. For the first third the film, Pitt’s newly-arrived General wanders around Afghanistan sitting in rooms while the voice-over explains who he’s talking to and and what’s going on, rather than giving the scenes and the characters permission to speak.

Casino operators in the former Portuguese colony have recorded historic losses since the onset of the pandemic as China’s quarantine requirements have made it too costly for most mainland tourists to travel there.

The tougher stance – which comes amid a broad regulatory clampdown in China on a range of sectors including tech and property – signals a new era for gambling in Macau and its relationship with mainland China, said Ben Lee, founder of Macau gaming consultancy IGamiX.

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There are some neat satirical touches in “War Machine”, like a scene in which the General learns Afghan farmers are still growing heroin because they’re not allowed to compete with the American cotton trade, or when Pitt tries and fails to explain the situation to angry marines. But the movie lacks the sharp, cutting edge of good satire and it’s missing details that might teach you something about war.

Specifically, it turns into Netflix’s other recent military film “Sand Castle”, a worthy but familiar look at US troops in Iraq. The fluctuating tone veers most wildly in the final third when “War Machine” finally becomes a war movie.

Shares in MGM China plunged 10%, while Wynn Macau lost 7.8% and Sands China fell 5.3% as investors fretted about the near-term potential loss of business as well as the longer-term implications of the watershed hardline stance being taken towards the sector by authorities in Macau and mainland China.

Neither is quite dramatic enough to work as a piece of fiction, but they’re just fictionalised enough to make you wonder how much is reliably true. “War Machine” reminded me of Netflix’s other real-life drama “Narcos”, also saddled with an overly explanatory voice-over.

He added that authorities, having learnt they could control the flow of visitors into Macau with the advent of COVID-19 border controls, had now moved on to controlling the type of visitors and that the special administrative region would now have to rely on mass-market gamblers instead of high-rollers.