Red or Black?
2 July 2015
Email
Share
Shares in the enclave’s battered casinos rallied after June gambling revenues declined less than expected and the government loosened visa rules. Much of the bad news is priced in. Yet China’s ongoing graft crackdown precludes a speedy rebound. And valuations are still stretched.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.