Macau Casino Stock Rally Seen Unsustainable as Downturn Endures

  • Fitch warns of cannibalization as companies open new resorts
  • June quarter usually slowest for gaming firms, JPMorgan says

Are Macau Casinos a Losing Bet?

Macau casino stocks just had their worst week since January, and for Invesco Ltd.’s Paul Chan, there’s no let up in sight.

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