Investing in China's love of gambling is no longer a one-way bet.
Years of breakneck growth for casinos in Macau, the southern Chinese city and former Portuguese enclave where gaming revenue long ago overtook the Las Vegas strip, may stall or go into reverse as Chinese president Xi Jinping cracks down on lavish spending by officials and the world's second largest economy slows.
Casino takings in Macau have fallen for three months, a slowdown not seen since 2009. Investment bank Nomura forecasts Macau's casino revenues may not grow at all this year. Investors are not betting against such predictions.
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