Quote of the Day

“The risks for Sheldon Anderson’s [sic] Sands casinos are quite high. It is quite possible that China will target his casinos specifically because he is a [Donald] Trump crony. It is possible they will ratchet up police surveillance of his Macao properties in order to spread fear among high rollers and even middle-class gamblers that they are being checked in on by the authorities. Or they will launch an audit of their books. Either way, a move could be viewed as having plausible deniability that the government cloaks as a crackdown on corruption or tax evasion, as they did against Lotte in China’s battle with South Korea.” — China Market Research Managing Director Shaun Rein on possible, casino-targeted blowback from the current trade war between the U.S. and China.