In one of his career ends moves as the President of the US. During dealing with all the protestors overhauling the Capitol, Trump issued an official executive order that could eventually cause problems for different US companies running their businesses in Asia.
The order prohibits almost eight China-based payment app. It prohibits individuals or companies from deploying those apps. As a consequence, US operators with assets and properties in Macau could find it extra difficult to maintain and run their typical business activity. MGM Resorts, Winn Resorts, and Las Vegas Sands are now attempting to figure out the future of this condition.
As the bonding between China and the US continues to get bitter, the former President decided to restrict the use of Alipay, WeChat Pay, and some other prominent Chinese apps. He also ordered to remove those from Appstore and Google Play in the United States. The orders say, in some parts, that the pervasiveness and pace of the spread in the US of particular connected desktop and mobile applications and some other software controlled and developed by individuals in China, and to include Macau and Hongkong, continue to threaten the US national security, economy and foreign policy of the United States.
An Optimal Solution
The move and act might not be worth than the pen and the paper it is written with or on, since now elected President Joe Biden will possess the authority to reverse the order after he gets his office on Jan 20. There is a fair possibility that the order will be confronted in court, like the way what was observed after the banishment of WeChat and TikTok last August. That banishment drove lawsuits and national court discussion.
Whatever course it may take, American casino operators in China are hoping for a positive outcome and solution.
