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GGRAsia China tighter grip less relevant to Macau gaming- analysts

January 9, 2022
Source: ggrasia.com ggrasia.com
News Snapshot:
Jul 29, 2021 Newsdesk Latest News, Macau, Top of the deck   BrokerageMorgan StanleyAsia Ltd says recent increased regulatory oversight by Chinese authorities regardinga number of sectors is “less relevant” to the gaming industry, including the Macau market. China has recently tightened regulations in the technology, property and education sectors. It has also engaged in a concerted effort to police the technology sector over improper antitrust and consumer protection practices, according to official statements. In a recent note, Morgan Stanley said investors in gaming stocks are “concerned about regulatory tail risk”, similar to what has happened toprivate sector companies operating...
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Tags: Antitrust | applications | blacklist | Casino | China | Chinese | consumer | Covid-19 | criminal | EBITDA | education | gambling | gaming | government | Guangdong | Hang Seng | Hong Kong | Macau | online game | police | South Korea | stocks | technology | travel | Xi Jinping

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