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China Trade War Potential Casualties Include U.S. Casinos In Asia

China Trade War Potential Casualties Include U.S. Casinos In Asia MGM Cotai casino resort in Macau, opened on February 13 with a price tag of US$4 billion, stands on the front lines of a potential U.S.-China trade war. (Photo credit: Anthony Wallace/AFP/Getty Images) As the U.S. and China steam toward a full-fledged trade war, American casinos across the world could become collateral damage. Since 2012, mainland China has been the largest source of international travel and travel spending, and Beijing has become increasingly adept at harnessing these globetrotters as a form of economic diplomacy, rewarding friends and punishing enemies. Ominously, this trade war approaches amid looming expiration of casino concessions in Macau , three of them controlled by American companies. “If China’s government likes you politically, it will encourage Chinese to visit,” China Market Research Managing Director Shaun Rein says. His recent book The War for China’s Wallet , examines how China orchestrates state financial, media and commercial instruments plus consumer spending to reward friends and punish enemies . The book explains China’s worldview of hot, warm and cold partners that receive commensurate shares of its growing wallet. Unlike treaty alliances, these relationships are fluid, shifting as policies and leadership change. The Philippines provide a prime example.

For the original version including any supplementary images or video, visit https://www.forbes.com/sites/muhammadcohen/2018/06/25/china-trade-war-potential-casualties-include-u-s-casinos-in-asia/

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Oklahoma family out of more than $6K after travel agency nightmare

Oklahoma family out of more than $6K after travel agency nightmare  Posted 10:37 pm, June 1, 2018, by Ian Smith , Updated at 10:43PM, June 1, 2018 PERRY, Okla. – A Navy wife says she planned to take her kids to see her deployed husband overseas. “My kids, they haven’t seen their dad in four months, and so it’s really hard, especially on my daughter,” said Erin Schweitzer. But after his port was canceled, she had to call the trip off. “We bought trip insurance because we knew things change in the Navy,” she said. And when it came time to cancel, her money wasn’t being given back. “We went through eDreams, and what we figured out is they are intentionally vague with what you are allowed to see,” said Schweitzer. “The trip protection we got, it plainly says trip cancellation is included.” Schweitzer says eDreams told her to contact the insurance company, CSA. “We are not escalating this call to a manager,” she said the representative told her.

For the original version including any supplementary images or video, visit https://kfor.com/2018/06/01/oklahoma-family-out-of-more-than-6k-after-travel-agency-nightmare/

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