Chips are down in Macau for America’s casino kings By Nisha Gopalan, Bloomberg December 9, 2018 at 10:38 am If any worsening of the trade war leads China to call for a boycott of U.S. companies, America’s casino kings will be sweating. Three American companies — Las Vegas Sands Corp., founded by Republican Party donor Sheldon Adelson; Wynn Resorts Ltd.; and, to a lesser extent, MGM Resorts International — rely on their positions in the casino hub of Macau to thrive. With their two-decade-old licenses expiring in the next four years, they need Beijing and Washington to stay on good terms. Combined, the three account for half the gaming revenue in Macau, according to Bloomberg Intelligence analyst Margaret Huang. Given that Macau is the only part of China where gambling is allowed, the city’s fortunes could collapse if Beijing were to limit the flow of mainlanders, who comprise 90 percent of the former Portuguese enclave’s gamblers. That happened when China cracked down on corruption and extravagance four years ago.