Kansas Star Casino Players Card  casinos along the Strip, says Las Vegas casinos on the main drag are “irreplaceable. ”As for possible Cosmopolitan suitors, the WSJ identified MGM Resorts, Malaysia’s Genting Group, and Wynn Resorts as potential bidders. Genting has long desired a presence on the Strip, and work on its Resorts World Las Vegas remains under construction six years after the company acquired the land opposite Encore in March 2013. The US gaming industry is feeling the consequences of the escalating trade war with China, as both countries impose hundreds of billions of dollars in tariffs. US gaming industry companies invested in Macau such as Wynn Resorts could be used by Chinese authorities as bargaining chips in the ongoing trade war with the US. Sunset Station Casino Addreb Htqi (Image: Anthony Kwan/Bloomberg)With China unwilling to compromise on a trade deal with the US, President Donald Trump elevated tariffs on 0 billion worth of Chinese goods effective May 10. The increase took tolls on the products from 10 percent to 25 percent. In response, China said it will increase tariffs on billion worth of American goods beginning June 1.

Trump said he’s considering a supplementary increase on an additional 5 billion of imports from China. It’s a back and forth expensive game that’s rocking domestic and global markets. And of course, the gaming industry isn’t immune. r sloto cash casino casino quarter slot machine Gaming Stocks TumbleThe week kicked off with a market selloff. harrah s casino hotel atlantic city Stocks suffered their largest one-day loss since January 3. 9 masks of fire free slots casino The Doseneca niagara casino dreb codew Jones Industrial Average fell 2. 4 percent (617 points), S&P 2. Hallmark Casino Free Chips 2021 Tqwx 4 percent (70 points), and Nasdaq Composite 3.

Key Insights and Expert Analysis

4 percent (270 points). The three US gaming industry companies licensed in China’s Special Administrative Region (SAR) of Macau – the world’s richest gambling hub – are Las Vegas Sands, MGM Resorts, and Wynn Resorts. On Monday trading, Wynn lost 6. Pechanga Casino Gym Ggqr 17 percent, Sands 5. 16 percent, and MGM one percent. free slot machines no deposit Tienda Somos Poker Y Casino Amwg Melco Resorts, another Macau license holder that’s headquartered in Hong Kong but trades on Nasdaq, saw shares decrease four percent. chumba casino phone number usa The Vectors Gaming ETF (exchange-traded fund) includes 43 stocks operating in the gaming industry. Its five largest holdings are Sands, Galaxy Entertainment (another Macau licensee), Sands China subsidiary, Aristocrat Leisure (gaming manufacturer), and Wynn.

The ETF dropped nearly three percent on Monday. paragon casino car show 2021 brian christopher slots top dollar valley forge casino security China Penalize Macau Ops? China President Xi Jinping’s administration continues to spar with Trump over a fair resolution to the ongoing trade war. harrah s casino atlanta The US commander-in-chief says China has been taking advantage of America for more than two decades. pechanga casino careers When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited, but as I have told him many times before, this must be a great deal for the United States or it just doesn’t make any sense,” Trump tweeted this morning. “We have to be allowed to make up some of the tremendous ground we have lost to China on traseneca niagara casino dreb codede since the ridiculous one-sided formation of the WTO (World Trade Organization). poker table rules casino ”There are some concerns that Xi could punish the three US casino companies in Macau to better his position in the trade discussions. bellagio casino atm cache creek casino slots

“The US-owned Macau casinos are sitting on what could be called a geopolitical fault line,” gaming analyst Steve Vickers said in December. “To date, the Chinese have been quite careful not to escalate the conflict into a direct assault on US interests. thunder valley casino amphitheater bellagio casino water show But, it remains to be seen what the current attitude is towards Macau and the huge cash outflow associated with the large US casinos. ”Sands is controlled by billionaire Sheldon Adelson – the largest political donor to the Republican Party in each of the last two election cycles. Steve Wynn, though no longer associated with his