According to a report by the Asia Times on September 23rd, 2021, proposed changes in gaming licenses recently announced by the Macau government are being seen as the latest bargaining chip in US-China relations.
With six 20-year gaming concessions in Macao set to expire in June 2022, three of the US company funded concessions could be ousted in 2022 following the new 10-year validity with a “review and license renewal” every five years, as Beijing could make a decision on political considerations rather than economic benefits or anything else, especially amid the ongoing deteriorating US-China relations.
It has been suggested that “Beijing would likely lean towards granting concessions to companies that could help China influence US politicians and officials,” and there were reports at the time which said Beijing granted Macau’s gaming concessions to the three US operators Wynn Macau, Sands China and MGM China in return for the US helping Beijing obtain the rights to hold the Olympic Games in 2008, a quid pro quo denied by Chinese officials.
To read more about the intricate story, please click here: ttps://asiatimes.com/2021/09/china-holds-macau-casinos-as-us-bargaining-chips/
Editor: Labelle / PR: Mr. Cow
Edited by：【Himalaya London Club UK】