{"id":107926,"date":"2019-06-27T11:49:48","date_gmt":"2019-06-27T18:49:48","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=107926"},"modified":"2019-06-27T12:30:10","modified_gmt":"2019-06-27T19:30:10","slug":"remote-chance-us-casino-lose-macau-concessions-due-to-trade-war","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/","title":{"rendered":"Analysts: Remote Chance US Casino Operators Lose Macau Concessions Due to Trade War with China"},"content":{"rendered":"

Gaming analysts say US casino operators licensed in Macau, the world’s richest gambling hub, shouldn’t be impacted by President Donald Trump’s ongoing trade war with China President Xi Jinping.<\/p>\n

\"casino
The odds are long that China might force Macau officials to revoke licenses for US casino operators in the enclave. (Image: Dickson Lee\/South China Morning Post)<\/figcaption><\/figure>\n

In a recent note, Sanford C. Bernstein gaming analysts Vitaly Umansky, Eunice Lee, and Kelsey Zhu say the US-China trade war that continues to threaten the global economy has little chance to disrupt the Macau casino licensing renewal process. The three US-based concession holders in the Chinese Special Administrative Region (SAR) \u2013 Las Vegas Sands, MGM Resorts, and Wynn Resorts \u2013 will see their permits expire in 2022.<\/p>\n

“Whenever US-China trade tension heightens, investors start questioning if the US casino operators would lose their Macau gaming concessions,” the memo explained.<\/p>\n

\n

“While we acknowledge the souring US-China relationship heightens this risk, we view the scenario where one or more of the US casino operators loses their gaming concession to be remote, unless the relationship sours significantly further into a Cold War environment,” the analysts concluded.<\/p>\n<\/div>\n

In May, Trump implemented $200 billion worth of higher tariffs on Chinese imports. Xi countered by raising fees on incoming American goods by $60 billion.<\/p>\n

Temporary Truce<\/b><\/h2>\n

The leaders of the two world superpowers are in Japan for the G20 Osaka Summit. Prior to their arrival, reports have surfaced out of DC and Beijing that Trump and Xi agreed<\/a> to delay any further heightened tariffs until after they meet one-on-one, which is scheduled for Saturday.<\/p>\n

The Trump administration has threatened to place a 25 percent levy on Chinese goods that are not currently taxed.<\/p>\n

\n

The reality \u2026 is President Trump could always have a change of heart,” a source close to the negotiations told the South China Morning Post <\/i>and Politico<\/i>. “But the truce cake seems to have been baked.”<\/p>\n<\/blockquote>\n

The International Monetary Fund (IMF) says the US and China are the two richest economies on the planet in terms of nominal gross domestic product (respectively $19.39 trillion and $12.01 trillion). Japan, the host for the G20 Summit, is a distant third at $4.87 trillion.<\/p>\n

Bargaining Chips<\/b><\/h2>\n

The Bernstein analysts don’t believe Sands, Wynn, and MGM will be thrown onto the trade war table to give Xi an upper hand. Not everyone agrees.<\/p>\n

\n

Sheldon Adelson \u2013 the billionaire owner of Sands \u2013 has been the Republican Party’s largest donor in each of the last two elections, and played a critical role in Trump winning in 2016. The 85-year-old casino tycoon is expected to again open his deep pockets to make sure his former casino colleague keeps residence in the White House.<\/p>\n<\/div>\n

Steve Wynn, the disgraced Wynn Resorts founder who is no longer with the company after his alleged sexual misconduct scandal, has also been a robust support of the GOP.<\/p>\n

In December, gaming analyst Steve Vickers<\/a> opined, “The US-owned Macau casinos are sitting on what could be called a geopolitical fault line. To date, the Chinese have been quite careful not to escalate the conflict into a direct assault on US interests. But, it remains to be seen what the current attitude is towards Macau and the huge cash outflow associated with the large US casinos.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming analysts say US casino operators licensed in Macau, the world’s richest gambling hub, shouldn’t be impacted by President Donald Trump’s ongoing trade war with China President Xi Jinping. In a recent note, Sanford C. Bernstein gaming analysts Vitaly Umansky, Eunice Lee, and Kelsey Zhu say the US-China trade war that continues to threaten the […]<\/p>\n","protected":false},"author":25,"featured_media":107931,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[],"acf":[],"yoast_head":"\nRemote Chance US Casinos Lose Macau Concessions Due to Trade War<\/title>\n<meta name=\"description\" content=\"Gaming analysts say US casino operators licensed in Macau, the world's richest gaming hub, shouldn't be impacted by the ongoing trade war with China.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Remote Chance US Casinos Lose Macau Concessions Due to Trade War\" \/>\n<meta property=\"og:description\" content=\"Gaming analysts say US casino operators licensed in Macau, the world's richest gaming hub, shouldn't be impacted by the ongoing trade war with China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-27T18:49:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-27T19:30:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/06\/8d9019fe-fd21-11e5-b0dd-7b74aaaf255c_1280x720-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/\",\"url\":\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/\",\"name\":\"Remote Chance US Casinos Lose Macau Concessions Due to Trade War\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/06\/8d9019fe-fd21-11e5-b0dd-7b74aaaf255c_1280x720-1.jpeg\",\"datePublished\":\"2019-06-27T18:49:48+00:00\",\"dateModified\":\"2019-06-27T19:30:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Gaming analysts say US casino operators licensed in Macau, the world's richest gaming hub, shouldn't be impacted by the ongoing trade war with China.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/06\/8d9019fe-fd21-11e5-b0dd-7b74aaaf255c_1280x720-1.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/06\/8d9019fe-fd21-11e5-b0dd-7b74aaaf255c_1280x720-1.jpeg\",\"width\":1200,\"height\":800,\"caption\":\"The odds are long that China might force Macau officials to revoke licenses for US casino operators in the enclave. (Image: Dickson Lee\/South China Morning Post)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Politics\",\"item\":\"https:\/\/www.casino.org\/news\/politics\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Analysts: Remote Chance US Casino Operators Lose Macau Concessions Due to Trade War with China\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Remote Chance US Casinos Lose Macau Concessions Due to Trade War","description":"Gaming analysts say US casino operators licensed in Macau, the world's richest gaming hub, shouldn't be impacted by the ongoing trade war with China.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Remote Chance US Casinos Lose Macau Concessions Due to Trade War","og_description":"Gaming analysts say US casino operators licensed in Macau, the world's richest gaming hub, shouldn't be impacted by the ongoing trade war with China.","og_url":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2019-06-27T18:49:48+00:00","article_modified_time":"2019-06-27T19:30:10+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/06\/8d9019fe-fd21-11e5-b0dd-7b74aaaf255c_1280x720-1.jpeg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/","url":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/","name":"Remote Chance US Casinos Lose Macau Concessions Due to Trade War","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/06\/8d9019fe-fd21-11e5-b0dd-7b74aaaf255c_1280x720-1.jpeg","datePublished":"2019-06-27T18:49:48+00:00","dateModified":"2019-06-27T19:30:10+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"Gaming analysts say US casino operators licensed in Macau, the world's richest gaming hub, shouldn't be impacted by the ongoing trade war with China.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/06\/8d9019fe-fd21-11e5-b0dd-7b74aaaf255c_1280x720-1.jpeg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/06\/8d9019fe-fd21-11e5-b0dd-7b74aaaf255c_1280x720-1.jpeg","width":1200,"height":800,"caption":"The odds are long that China might force Macau officials to revoke licenses for US casino operators in the enclave. (Image: Dickson Lee\/South China Morning Post)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/remote-chance-us-casino-lose-macau-concessions-due-to-trade-war\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Politics","item":"https:\/\/www.casino.org\/news\/politics\/"},{"@type":"ListItem","position":3,"name":"Analysts: Remote Chance US Casino Operators Lose Macau Concessions Due to Trade War with China"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/107926"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=107926"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/107926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/107931"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=107926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=107926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=107926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}