Chips are Down in Macau for America’s Casino Kings
(Bloomberg Opinion) -- If any worsening of the trade war leads China to call for a boycott of U.S. companies, America’s casino kings will be sweating. Three American companies — Las Vegas Sands Corp., founded by Republican Party donor Sheldon Adelson; Wynn Resorts Ltd.; and, to a lesser extent, MGM Resorts International — rely on their positions in the casino hub of Macau to thrive. With their two-decade-old licenses expiring in the next four years, they need Beijing and Washington to stay on good terms. Combined, the three account for half ...
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