“With so much having been invested in the Grand Lisboa Palace project, we have to be able to answer our shareholders regarding how the business will continue to operate in the future,” SJM CEO Ambrose So Shu Fai said last year.<\/p>\n
Along with uncertainty over Macau’s future gaming regulatory environment and the forthcoming licensing renewal process, the ongoing trade war between the United States and China poses additional threats.<\/p>\n
\nLast month, gaming analyst Steve Vickers said MGM, Sands, and Wynn could be sitting on “a geopolitical fault line.”<\/p>\n<\/blockquote>\n
Vickers expressed concerns that People’s Republic President Xi Jinping could target the three US casino operators to gain an upper hand his negotiations with President Donald Trump. Sands and Wynn make the majority of their revenue in China, and both companies have long ties to Trump.<\/p>\n
Sheldon Adelson, the billionaire founder and CEO of Sands, was the Republican Party’s largest donor during the 2016 election. And ousted billionaire Steve Wynn recently served as the finance chair of the Republican National Party.<\/p>\n","protected":false},"excerpt":{"rendered":"
The head of the Macau Gaming Inspection and Coordination Bureau (DICJ) told local news reporters that he had no update on the odds of whether MGM China and SJM Holdings would be granted two-year license extensions. DICJ Director Paulo Martins Chan told GGRAsia, a media outlet focused on Asian gaming news, that his agency was […]<\/p>\n","protected":false},"author":25,"featured_media":95412,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,61,13592],"tags":[],"acf":[],"yoast_head":"\n
Macau Chief Regulator Mum on MGM China and SJM Holdings Licenses<\/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