However, Fu Ziying, Macau’s federal liaison in Beijing, as well as the International Monetary Fund (IMF) in its annual economic review, urge the enclave to reduce its dependency on gaming and become a more leisure and general tourism destination. The 2018 opening of the 34-mile Hong Kong to Macau bridge makes mass market travel to the formerly isolated SAR much easier.<\/p>\n<\/div>\n
President Donald Trump and People’s Republic President Xi Jinping have called a temporary truce to not further raise tariffs this year. But the trade war is far from over.<\/p>\n
Some believe China might use its leverage in Macau to specifically target Wynn, MGM, and Sands, two of which have been controlled by gaming billionaires who have been close friends to Trump for years. Ho says that’s nonsense.<\/p>\n
The Macau-born heiress explained that China will not force local officials in Macau to use prejudice in determining which casino operators will be allowed to continue in the market in its next chapter. Analysts at Sanford C Bernstein recently agreed.<\/p>\n
\nWe 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,” analysts Vitaly Umansky, Eunice Lee, and Kelsey Zhu concluded.<\/p>\n<\/blockquote>\n
Trump has issued his opinion that the US is winning the trade war.<\/p>\n
“China’s 2nd Quarter growth is the slowest it has been in more than 27 years. The United States Tariffs are having a major effect on companies wanting to leave China for non-tariffed countries. Thousands of companies are leaving. This is why China wants to make a deal,” the president tweeted this week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pansy Ho, the eldest daughter of Macau “King of Gambling” Stanley Ho, doesn’t believe the enclave government will target US-based casino operators during the Special Administrative Region’s (SAR) upcoming licensing renewal process. Ho, worth an estimated $4.5 billion by Forbes, has substantial stakes in two of the enclave’s six licensed gaming entities. Along with controlling […]<\/p>\n","protected":false},"author":25,"featured_media":109361,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[],"acf":[],"yoast_head":"\n
Pansy Ho Says Macau Unlikely to Target US Casino Operators<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n