Business

Morningstar cuts price targets for Macao casino stocks amid regulation fears

Folks carrying protecting masks sit on a bench as Macau Tower stands within the distance in Macau, China, on Tuesday, March 3, 2020.

Billy H.C. Kwok | Bloomberg through Getty Photos

Morningstar slashed its value targets on Macao on line casino operators as regulatory uncertainty hammers their Hong Kong-listed shares nonetheless reeling from the collapse in journey through the pandemic.

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