Investors shun Macau Casinos’ bonds as tourism from China plummets
ELAINE YU , The Wall Street Journal 4 min read 22 Sep 2022, 06:15 PM IST
- China’s strict Covid-19 crackdown is biting far beyond the mainland
Macau’s casinos once seemed to have a license to generate cash. They are now being squeezed by a worsening slowdown in Chinese tourism—and their bond prices are reeling as a result.