From Prosperity to Depression: The 90% Plunge in Macau Casino Stocks Is Just a Snapshot of the Industry, Where Is the Way Forward for Offline Casinos?

SJM Holdings is the oldest casino company in Macau.Its status in the Macau gambling industry is akin to that of SBM's Monte Carlo Casino in Monaco, dominating the regional market; their performance essentially represents the rise and fall of the local gambling industry.Since its stock price peaked i