Adelson and Macau

Sheldon Adelson - Caricature
Sheldon Adelson – Caricature (Photo credit: DonkeyHotey)

“New Questions about Sheldon Adelson’s Casino Operations in Macau”
Matt Isaacs, Lowell Bergman, Stephen Engelberg

I trust PBS to be fair, balanced, and unbiased in its (often superb) reportage about as much as I trust Fox News to be the same, which is to say I don’t. PBS’s editorial bias is more implicit than explicit, but it is there nonetheless.

That said, they’re onto something here.

What is concerning about Adelson’s behavior is the appearance that he owes greater obedience to a foreign power (China, via its Macau-based officials) than to the United States government. No American citizen or corporation should ever leave that issue in doubt when operating abroad. To do so is to put at risk the very premise that foreign operations of U.S. companies redound to the overall interest of the U.S. and its citizens.

Mr. Adelson may wish to consider that while he considers the value of his U.S. operations. Macau is going great guns, no doubt. But the political and economic risk exposure of those properties is immense. If, ten years from now, Shel is back in Vegas with his tail twixt his legs, will he have burned his bridges?

More important to the rest of us, will he have damaged political support to U.S. companies establishing operations overseas?

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