![]() ![]() Their casino hotels with thousands of employees soar above the narrow lanes of Macao’s centuries-old city center and Cotai, a strip of land reclaimed from the sea. Pressure for change comes as Macao faces growing competition for potential non-Chinese gamblers from casinos in Singapore, Malaysia and Cambodia.įinancial analysts expect MGM, Sands and Wynn to be approved for licenses due to the jobs and tax revenue they generate. “Why would 50% of such a dominant industry in Macao be ceded to foreigners, particularly Americans?” ![]() ![]() “There is a high risk that at least one, if not two, may not get a new concession,” said Ben Lee, managing partner of IGamiX, a gambling industry consulting firm in Macao. tariff hikes, but Macao casinos haven’t been targeted. Other companies have been hit by retaliation for U.S. An added complication for the Americans: Relations between Xi’s government and Washington are strained by disputes over trade, technology, human rights and other irritants. ![]()
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