U.S. President Donald Trump has filed four trademark applications in Macau, including “gambling and casino services and facilities,” raising speculation that the current U.S. president and former casino owner is trying to enter the casino industry once again.
Indeed, Trump’s relationship with Macau is rooted until 2005, when local governments registered three of his trademarks: Donald J. Trump, DTTM, and Trump Companiona Limitada. Currently, there is not a single casino facility in Macau related to Trump’s name.
To date, there are 38 casinos in Macau run by six different companies, and it is reported that their licenses will expire in March 2020. It’s no secret that Macau’s burgeoning casino industry is one of the most profitable markets. So it’s no surprise that news of license expiration has stimulated the appetite of many people who have been eyeing Chinese gambling capital for years. Trump seems to be no exception in the crowd lining up to get a license to set up gambling facilities in the area.
Considering the upcoming casino licenses, the government needs to make it clear whether the current operators’ licenses will be renewed or open the market for foreign bidders. Trump has his eyes on Macau long enough. Earlier this year, more precisely in March, Donald Trump reportedly received approval from Chinese officials for 38 of his trademarks, including hotels and other entertainment facilities. Glenn McCartney, an associate professor of international integrated resort management at the University of Macau, explained that trademark registration does not necessarily mean that it will be realized.
Prior to his political career, Trump was a prominent casino owner, running one of the most iconic gaming hubs in Atlantic City, especially the Taj Mahal, and eventually filing for bankruptcy. Earlier this year, former Trump’s “World’s 8th Wonder” was purchased by Hard Rock International.카지노사이트 모음
The Delaware-based company, which operates under Trump’s name, has filed four trademark applications to expand its “Trump” brand in the Chinese gambling capital Macau. This raises speculation about Trump’s intention to return to his previous “career” as a casino operator. It is not yet clear whether Trump will be able to expand his brand into the Chinese market, but one thing is certain that it will definitely affect bilateral relations.