A Chinese economics scholar on Sunday said it was “very unlikely” for U.S. gaming operators to exit Macau’s gaming industry over the U.S.-China trade war, even if it were to worsen, Macau News reports.
Liang Ming, a researcher at the Chinese Academy of International Trade and Economic Cooperation, an affiliated institution under the Ministry of Commerce (MOC) made the comments on the sidelines of “Macau’s Economy Forum 2019” at the University of Macau (UM).
He said the above scenario would likely only play out of there was a very dramatic change in Sino-US relations.
There are currently three U.S. gaming operators in Macau, including MGM Resorts, Wynn Resorts and Las Vegas Sands (Sands China).
He noted that should the U.S. operators pull out of Macau, it would cause great harm to the local gaming sector.
“US casinos have been earning huge profits in Macau’s gaming sector. Will it be feasible for them to disinvest [from Macau]? This is a doubtful question,” he said.