The White House designates Macau as a 'foreign adversary,' imposing investment curbs. What does this mean for its casinos amid rising Asian competition? Read more.
The White House has dropped a bombshell by designating Macau as a “foreign adversary” - handing Special Administrative Region (SAR) with investment curbs.
By declaring this, President Donald Trump lumped up the gambling capital in the east with “People’s Republic of China (PRC), including the Hong Kong Special Administrative Region and the Macau Special Administrative Region; the Republic of Cuba; the Islamic Republic of Iran; the Democratic People’s Republic of Korea; the Russian Federation; and the regime of Venezuelan politician Nicolás Maduro.”
Trump claims this was in line with his policy of prioritizing America in terms of investment policies.
“America’s investment policy is critical to our national and economic security. Welcoming foreign investment and strengthening the United States’ world-leading private and public capital markets will be a key part of America’s Golden Age,” he shared.
This sweeping action goes beyond conventional trade disputes, directly targeting capital flows and potentially reshaping the landscape of US-China business relations. Notably, Americans are now prohibited from investing in China's military-industrial complex. He also warned that China’s investment in the agricultural and technology sector may risk national security.
This move raises questions particularly for US-based casino operators with a strong presence in Asia. Notably, Wynn and MGM have operations in Macau. The impact to US based companies remains unknown.
Read related article : What The Betting Markets Say About The Trump-Harris Polls
.png)
Comments