As a result of the central government’s crackdown, junket operators are pulling billions in cash, much of it denominated in Hong Kong dollars, from gaming company accounts.<\/strong><\/p>\nDeCree adds that there is some concession renewal risk on the horizon, even if the deadline is pushed out to 2022. While analysts aren’t shying away from acknowledging license renewal issues, the prevailing wisdom is that China doesn’t favor barring US operators from Macau, and that tensions between the two countries will ebb if former Vice President Joe Biden defeats President Trump in the upcoming presidential election.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hopes for an earnest fourth-quarter recovery in the gaming mecca of Macau are on hold. Hurdles continue impeding travelers seeking entry into the Chinese territory. That deals a blow to expectations that the last three months of 2020 would shape up better than the rest of the year. The assumption was spurred after Guangdong province […]<\/p>\n","protected":false},"author":46,"featured_media":152432,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Macau Rebound Timeline Feeling Effects of Delays<\/title>\n\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