U.S. China trade war won’t affect Macau: Ambrose So

    The ongoing ‘trade war’ between the U.S. and China will unlikely have any effect on Macau’s GDP, said SJM executive director and CEO Ambrose So Shu Fai on Thursday, Macau Business reports.

    Mr. So was speaking on the sidelines of an event on Thursday, explaining that there won’t likely be an effect on MAcau as the city’s GDP is so small when compared with mainland China.

    “No doubt the trade war will pull down the general GDP of Mainland China, but the Chinese GDP is massive and, relatively, the GDP for Macau is very small,” he said.

    The SJM boss also made some remarks about the performance of the gaming industry, noting that mass operations have done better than the VIP segment in SJM’s business.

    Mr. So said he predicted the overall performance “would not be bad” for the second half of the year based on current performance.

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