Investigating Straightforward Systems For Gambling

Jul 29, 2018  

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Macau Casinos Could Be 'Collateral Damage' From Trade War, Expert Says

Home : Poker News : Macau Casinos Could Be 'Collateral Damage' From Trade War, Expert Says Macau Casinos Could Be 'Collateral Damage' From Trade War, Expert Says Escalating Tensions Between U.S., China Could Impact Gambling by Brian Pempus  |  Published: Jul 25, 2018 |   Headlines pertaining to Russia and Iran have shifted some foreign relations focus away from the ongoing trade war with China, but that doesn’t mean the situation is stable. President Donald Trump, a former Atlantic City casino owner, indicated this month that he’s willing to impose tariffs on all Chinese goods imported to the United States. The value of those products is roughly $500 billion, per the South China Morning Post. So far, only a fraction of that sum has been subjected to tariffs in the escalating trade war between the two economic powerhouses. Depending on where the situation is headed, the trade war could spell trouble for casinos in Macau , many of which are operated by U.S.-based casino giants. Macau, home to more than three dozen casinos, is the world’s largest gambling hub. The Trump Administration announced Tuesday that it wants to offer a $12 billion aid package to U.S. farmers hurt by China’s retaliatory tariffs. The president is ready to dig in. According to prominent gambling law scholar I.

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