2023-01-25 23:30:10
No juice in casino stocks after 2022 rally as Macaus makeover clouds upside
- The year-end rally in Sands China, Galaxy Entertaintment and Macau casino peers has left no upside for investors in 2023, Citic and UOB Kay Hian say
- Macaus economic makeover means casino firms will need to realign their businesses and pay the price in terms of lower returns to shareholders
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