Las Vegas Sands slaps down worries that U.S.-China tensions could threaten its Macau casinos

Las Vegas Sands slaps down worries that U.S.-China tensions could threaten its Macau casinos

The revived U.S.-China trade war is already causing headaches for companies like Boeing that now face the prospect of being shut out of the world’s second-largest economy.  But U.S. casino operator Las Vegas Sands is betting that worsening relations between Washington and Beijing won’t threaten its operations in the Chinese gambling hub of Macau. “I think we have an incredible relationship with Beijing, and we’ve worked on it for many, many year…

Fitch: Not implausible to see US operators forced to sell Macau casino interests should US-China relations deteriorate further

Macau’s three US operators could see their 10-year concessions terminated or not renewed when they expire in 2032 under a “worst-case scenario”, while more plausible would be pressure to sell their Macau casino stakes should US-Sino relations further deteriorate, according to ratings agency Fitch. While both outcomes are deemed highly unlikely, the agency outlined its concerns over recent tensions related to the tariff war which could result in …