Macau meet-up for “phase-one” trade agreement between China and the US are “just a groundless assumption”.
trade war
Macau’s gross gaming revenue recorded a 3.2% year-on-year decrease in October to MOP26.43 billion, recording its highest level in 12 months.
If they do leave due to the China-US trade war worsening further, local or mainland Chinese-funded companies could take over the respective hotel-casino resorts to run the gaming businesses.
Macau’s economy will shrink 0.8% this year and 0.9% next year.