In one of his last moves as President of the United States, and while dealing with protestors overtaking the Capitol, President Trump has issued an executive order that could ultimately cause issues for some U.S. companies operating in Asia.
The order bans eight Chinese payment apps and prohibits any U.S.-based persons or companies from using them, and, as a result, U.S. casino operators with properties in Macau might find it more difficult to maintain their normal business activity.
US Casino Operator in Macau such as MGM Resorts International, Las Vegas Sands, and Wynn Resorts are now trying to figure out what is going to happen next.
As the relationship between the U.S. and China continues to sour, Trump decided to prohibit the use of WeChat Pay, Alipay and others, and also requires that the apps be removed from Apple’s App Store and Google Play in the U.S.
The order reads, in part, “The pace and pervasiveness of the spread in the United States of certain connected mobile and desktop applications and other software developed or controlled by persons in the People’s Republic of China, to include Hong Kong and Macau (China), continue to threaten the national security, foreign policy, and economy of the United States.”
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