Trump Agent Granted Licenses For Macau

Trump Agent Granted Licenses For Macau

The territory of Macau has always been China’s most prominent gambling region. Now, a firm tasked with handling trademarks on behalf of US President Donald Trump has been given the green light to develop the Trump casino brand in the only Asian territory in which real money gambling has been legalised.

Approval for the additional trademarks was granted by the government of Macau to the company in question earlier in June this year. However, the relevant documents were not published until early this month.

DTTM Operations LLC was granted four trademark approvals to construct and operate hotel, dining and convention venues, along with a new casino facility. These trademarks have been added to the ones that the current US president already holds in Macau, the first of which was obtained in the mid-2000’s.

Trump May Plan To Gain Casino License After Current Ones Expire

According to analysts in the gambling industry, Trump may have plans to participate in potential bidding processes for casino licenses in Macau. The Chinese city’s current casino license holders’ concessions are set to expire between 2020 and 2022, but it is still not known whether they will be renewed or whether a new bidding process will take place.

With that said, DTTM Operations’ application for trademark approvals in the region is a good indicator of future plans by the US president to open a new casino in the region. This is especially pertinent as the applications are being made so close to the expiration of Macau’s current casino licenses.

US President Reported To Have Bid For Licenses In Early 2000’s

Before being elected as the leader of the USA, Trump revealed that a trust would control all of his business assets, which in turn would be administered by an executive from the Trump Organisation and one of the now-president’s sons.

During Atlantic City’s glory days, Trump was one of the largest and most successful business owners on the gambling scene, owning four Boardwalk casinos. However, the business tycoon soon began to dispose of his gambling-related assets into the 2000’s after he faced multiple bankruptcies from their operations.

Macau is the only Chinese territory that allows casino gambling, after the government opened a bidding process and granted licenses in the early 2000’s. Trump was allegedly among those bidders, along with two other major gambling tycoons: Steve Wynn, and Sheldon Adelson, who now operate there under their Wynn Resorts and Las Vegas Sands brands.

 

Source links:
http://www.casinonewsdaily.com/2017/08/07/trump-representative-receives-trademarks-macau/