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Opinion

China shows why Asia's casino bubble was always doomed

Other Japanese cities should follow Yokohama's decision to walk away

| Japan
A croupier works at a gaming table at MGM Cotai Resort in Macau in February 2018: Japan is late to the party.   © AP

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

The house always wins. Just not in Macao, where this gaming industry maxim is being turned on its head. A plunge in casino-related stocks has analysts pointing fingers, junket operators reeling and investors taking chips off the proverbial table.

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