CBRE analysts see limited tariff risk for US Macau casino operators
US-based Macau casino operators Las Vegas Sands, MGM Resorts International and Wynn Resorts face a low risk of direct retaliatory tariffs from China, CBRE Equity Research analysts John DeCree and Max Marsh said. They said recent data showed tourists were still visiting Macau casinos operated by the companies, while direct action could destabilise the region.
The assessment bears on investor concerns about tariff exposure at the three operators’ Macau businesses.