• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau ops potential targets of US-China trade war: scholar

Jul 19, 2018 Newsdesk Latest News, Macau, Top of the deck  


Macau ops potential targets of US-China trade war: scholar

The three Macau casino operators that have U.S.-listed parent companies could soon become targets of Chinese retaliatory measures amid the ongoing trade war between China and the United States. But it is unlikely that their Macau gaming rights are ultimately at risk – although the process leading to refreshment of such rights might become tortuous due to the commercial conflict between the two countries.

So wrote American gaming law scholar and author Nelson Rose, in a Friday entry in his blog ‘Gaming and the Law’. He is professor emeritus at Whittier Law School in California, in the United States, and a visiting professor at University of Macau.

Prof. Rose added China could also restrict visits to Macau by mainland Chinese tourists as a “quick and easy” way to hurt U.S. interests in Macau’s gaming industry.

Mainland China is the main source of players to Macau’s casinos. When on previous occasions authorities in mainland China restricted visas to Macau for mainland Chinese, that had a direct and negative impact on the city’s casino gross gaming revenue.

The three Macau operators that are U.S.-majority-owned are Sands China Ltd, Wynn Macau Ltd and MGM China Holdings Ltd. According to some other commentators, the firms could become a hostage to geopolitics when the current six Macau concessions expire in either 2020 or 2022.

Sands China is a subsidiary of Las Vegas Sands Corp, a company headed by Sheldon Adelson. Mr Adelson is identified by several commentators as a supporter of U.S. President Donald Trump.

Wynn Macau Ltd is controlled by U.S.-based Wynn Resorts Ltd. The latter was until recently controlled by Steve Wynn, also on record as a supporter of Mr Trump.

MGM Resorts International is the parent firm of MGM China.

“I do not believe the Macau government would refuse to renew the American casino companies’ concessions,” Prof. Rose wrote in his blog.

He added: “Wynn, Adelson and MGM have spent billions building not just casinos but integrated resorts [in Macau]. No Western company would ever spend another cent in China if these investments are lost through government action.”

But Prof. Rose warned that Beijing could “force Macau to announce that the [casino] concession rebidding process will be open to all,” adding uncertainty to the process, as a retaliatory measure against trade actions by the Trump administration.

“They could justify this as the government merely trying to get the maximum for bestowing the privilege of running casinos. If they wanted to, they could pretend that this has nothing to do with [President] Trump,” the scholar stated.

Prof. Rose noted that China had been so far surgical in selecting its U.S. targets in the trade war with the Trump administration. “The People’s Republic of China understands that the fight is political, not economic,” he said.

The scholar noted that Macau authorities have “the legal right to do just about anything” with the current casino concessions.

Prof. Rose added: “Changing laws in [mainland China] and Macau can take no more than the flick of a pen. Restrictions on travel visas, limitations on the number of gaming tables, and even the creation of sub-concessions [in Macau] were all done without hearings or approval by a legislature, let alone the vote of the people.”

Prof. Rose noted that several international gaming operators could be interested in bidding for a Macau casino licence, including U.S.-based Caesars Entertainment Corp and Malaysia’s Genting Group. “If the concessions are put up for bid, there will also be a lot of giant Chinese companies, some having nothing to do with gaming, which would like to take over these enormously successful casinos,” he added.


  • tweet
Related articles
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for China
    U.S. says Steve Wynn ‘foreign...

    May 18, 2022  

  • AAEC side files appeal notice on failed lawsuit against LVS
    AAEC side files appeal notice on failed...

    May 17, 2022  

More news
  • Andrew Lo takes controlling stake in Suncity, Summit Ascent
    Andrew Lo takes controlling stake in...

    May 19, 2022  

  • Okada Manila chair Manuel Lazaro dies aged 87
    Okada Manila chair Manuel Lazaro dies...

    May 19, 2022  


Latest News

Andrew Lo takes controlling stake in Suncity, Summit Ascent

Andrew Lo takes controlling stake in Suncity, Summit Ascent

May 19, 2022  

Andrew Lo Kai Bong (pictured), a senior executive at Hong Kong-listed casino investor Suncity Group Holdings Ltd, acquired controlling shares in the firm with effect from May 13, according to...
Read More
Okada Manila chair Manuel Lazaro dies aged 87

Okada Manila chair Manuel Lazaro dies aged 87

May 19, 2022  

Bloomberry plans 3rd Philippine casino, coastal near Manila

Bloomberry plans 3rd Philippine casino, coastal near Manila

May 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$403.9 million

Interim normalised profit after tax and amortisation reported by slot machine maker and online gaming content provider Aristocrat Leisure



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Alleged bribe offer to ex-Wynn manager probed by HK, MacauAlleged bribe offer to ex-Wynn manager probed by HK, Macau May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us