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Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a trio of firms behind some of the largest casinos in Macau with a ‘ratings watch negative’ appraisals largely due to ongoing ‘regulatory uncertainty’.
According to a report from GGRAsia, the move from the New York-headquartered firm involving SJM Holdings Limited, Las Vegas Sands Corporation and MGM Resorts International comes as the casino market in Macau is continuing to falter at the hands of the ongoing coronavirus pandemic. The source detailed that the ass…