Galaxy Entertainment Group<\/strong> saw its stock drop by 12.44 per cent, while Melco International Development <\/strong>lost 16 per cent and SJM Holdings<\/strong> 18 per cent. All three reached their lowest prices in three years.<\/p>\n\n\n\n Wynn Macau<\/strong> and Sands China<\/strong> fell to six-month lows, down 13 and 14 per cent, respectively. MGM China<\/strong> fell 12 per cent to a three-month low.<\/p>\n\n\n\n The equity research firm Morningstar<\/strong> said American gaming companies with interests in Macau were more vulnerable to rising trade tensions between the US and China. It’s lowered its estimate for Las Vegas Sands <\/strong>from US$56 to US$53 per share and for MGM Resorts<\/strong> from US$49 to US$46 per share. However, it kept Wynn Resorts <\/strong>at US$111 per share.<\/p>\n\n\n\n In February, US authorities labelled the Macau Special Administrative Region as a “foreign adversary” due to national security concerns, placing it in the same category as Russia, Cuba, and Venezuela. In March, Harmen Brenninkmeijer<\/a>, chairman & managing partner of NYCE International, told Focus Gaming News he didn’t expect this to negatively impact on Macau\u2019s gaming industry given that\u00a0the primary source of visitors to Macau is mainland China and Hong Kong.<\/p>\n\n\n\n He said: “Macau has historically not relied heavily on American tourists, and the operators in the region have adeptly adapted their business models to cater to Asian clientele. This adaptability positions Macau’s gaming industry well to weather changes resulting from US policies. The focus on understanding and catering to Asian preferences\u2014whether in gaming experiences, dining, or entertainment\u2014has enabled Macau to thrive despite external pressures.<\/p>\n\n\n\n “Additionally, the current climate of US isolationism and rising anti-Chinese sentiment could unintentionally bolster local tourism within Asia. As international visitors reconsider their travel plans, more people may opt to explore destinations closer to home, thus enhancing Macau\u2019s attractiveness among regional tourists.<\/p>\n\n\n\n “Overall, while tensions between the US and China may complicate some relationships, Macau’s reliance on its core customer base\u2014Chinese visitors\u2014along with its ability to adapt and cultivate a unique regional appeal, could ultimately result in a more robust local tourism environment, strengthening the city’s gaming sector in the long run.”<\/p>\n\n\n![](\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2024\/02\/Donaco-revenue-down-to-AU2.8-in-Q1-due-to-Covid-19-restrictions-300x200.jpg\")
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