MGM Resorts CEO: China casino crackdown doesn’t pose a ‘major challenge’

Macau has operated as the gaming capital of Asia for two decades, as the only jurisdiction under Chinese rule allowed to operate casinos. Revenues generated from the country’s high-rollers have become increasingly important to American casino operators like MGM, Wynn Resorts (WYNN), and Las Vegas Sands (LVS), with Macau’s casinos generating six times the revenue of casinos in Las Vegas, earning $360 billion in 2019, according to Bloomberg data.

Source: https://finance.yahoo.com/news/mgm-resorts-ceo-china-crackdown-doesnt-pose-a-major-challenge-132905176.html