Macau<\/a><\/em><\/strong>.<\/p>\n\n\n\n\u201cThings will be slow and we are going to have a down year for sure. But for most operators, especially for Melco, our bottom line has been strong\u2019, he said in an interview with CNBC.<\/p>\n\n\n\n
\u201cIt\u2019s what I expected because, with the US-China trade war and the renminbi devaluation, it is certainly having an impact on visitation into Macau and more predominantly on how much people spend when here.\u201d, he added.<\/p>\n\n\n\n
But he also believes that it is going to be a stabilization of the renminbi that will provide a positive impact to Macau\u2019s gaming revenue in 2020.\u00a0<\/p>\n\n\n\n
\u201cAssuming the US-China trade war, that there will be a phase one resolution to it, I think that will give a lot of confidence to the travelling consumer that there is an end to this thing\u201d, he predicted.
<\/p>\n","protected":false},"excerpt":{"rendered":"
The chief executive of Melco Resorts talked about the incidence of the China-USA trade war<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Lawrence Ho, CEO of Melco Resorts & Entertainment, anticipates a \"down year\" for Macau's gaming sector in 2019, attributing it to the US-China trade war and the weakening Chinese yuan impacting visitation and GGR. Despite these macroeconomic headwinds, Melco's bottom line remains robust. Ho projects a positive impact on Macau's gaming revenue in 2020, contingent on renminbi stabilization and a phase one resolution to the trade conflict.","focusai_entities":"Melco Resorts & Entertainment, Lawrence Ho, Beijing, Washington, CNBC","focusai_location":"Macau, China, USA","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What specific GGR growth projections or EBITDA guidance has Melco Resorts provided for 2020, assuming a 'phase one resolution' to the US-China trade war and renminbi stabilization?"},{"label":"Operator Diversification Strategy","query":"How are Macau-centric operators like Melco Resorts adjusting their capital expenditure and market diversification strategies to mitigate geopolitical and macroeconomic risks highlighted by the US-China trade war?"}],"footnotes":""},"categories":[160,16338,163,164],"tags":[96,227,512,257,2054],"class_list":["post-845","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-interviews","tag-asia","tag-china","tag-gaming","tag-macau","tag-revenue"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=845"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/845\/revisions"}],"predecessor-version":[{"id":23102,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/845\/revisions\/23102"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}