Thursday, August 11, 2022

MGM’s Murren concerned about Trump’s impact on diplomatic ties


MGM Resorts chief executive James Murren has speculated that Donald Trump's presidency may hurt casino interests in East Asia, specifically in Macau.

MGM Resorts, which has significant assets in Macau, could come under pressure if relations between China and the U.S. sour, Murren said.

“There’s no doubt that China and America disagree on many, many topics but there’s been a degree of respect [in the past],” said Murren, hinting this may change with Trump’s presidency.

Analysts on the other hand said it’s too early to make a call on the impact on Macau casinos.

“I don’t think there will be any direct impact, positive or negative,” Union Gaming’s Grant Govertsen told the Macau Daily Times. “...because Macau has far more ties to the Chinese economy [than the U.S. economy.]”

“Unless a real trade war breaks out between the U.S. and China, or [we see] a serious decline in the value of the dollar [against other currencies], I don’t think there will be much impact,” he said.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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