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In an interview with Macao Daily News published Wednesday, Mark Wong, director of value and risk advisory at JLL in Macau, said the closure of satellite casinos is set to further erode the commercial vitality of the NAPE area, where many of these venues are based.
“The market outlook remains pessimistic, and the impact on shop valuations is expected to become evident by the end of this year or early next,” Wong was quoted as saying.
Read more in Macau News Agency
