more than 80 percent<\/a> of its earnings before interest, taxes, depreciation and amortization (EBITDA) from its Asia-Pacific operations, Macau and Singapore. Likewise, Wynn counts on Macau for two-thirds or more of EBITDA and revenue in typical quarters in standard operating climates.<\/p>\nFortunately, China isn’t displaying overt hostility to American companies doing business there. It’s not unreasonable to expect Beijing realizes it could do more harm than good to Macau if marquee brands such as Sands and Wynn are driven from the market.<\/p>\n
\u201cDirectly attacking US business (especially ones that have been solid partners to the Macau government) is not a very likely course of action,\u201d notes Bernstein<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"Lingering hostilities between the US and China, the world’s two largest economies, probably won’t result in American operators losing rights to run casinos in Macau, according to Bernstein analysts. There are six concessionaires operating in the world’s largest gaming center, three of which are based in Nevada — Las Vegas Sands (NYSE:LVS), MGM Resorts International […]<\/p>\n","protected":false},"author":46,"featured_media":151393,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Macau Renewal Likely Happening for LVS, Other US Firms<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n