\u201cI think, ultimately, the Chinese will take a very rational view on Macau,\u201d Galligan said. \u201cI think the Chinese will probably rise about the rhetoric of the trade spat to recognize that the current competitive environment in Macau doesn\u2019t need political headwinds that would stifle investment.\u201d<\/strong><\/p><\/blockquote>\nThe trade war isn\u2019t the only worry for Macau casinos at the moment. Concerns about a slowing Chinese economy have also raised anxiety about the future of the gaming industry in the territory, and a note released Monday by JP Morgan Securities Asia mentioned that junkets were becoming more cautious in their actions as \u201cVIP trends have softened incrementally\u201d in recent weeks.<\/p>\n
Even if VIP visitation does decline, however, that doesn\u2019t necessarily spell doom for Macau. The increasing diversification of offerings has made the enclave\u2019s economy more resilient than it was just a few years earlier, and year-over-year non-gaming spending was up 20 percent in the second quarter of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
Galaxy Entertainment Group Deputy Chairman Francis Lui Yiu Tung told GGRAsia that the trade war between the United States and China could impact gross gaming revenues (GGR) in Macau this autumn. Francis Lui added his voice to a growing number of analysts and industry insiders who have tried to guess how tariffs and other steps […]<\/p>\n","protected":false},"author":42,"featured_media":89710,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[],"acf":[],"yoast_head":"\n
Trade War Could Have Impact on Macau Casinos, Says Galaxy Executive<\/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