China casino crackdown doesn’t pose a ‘major challenge’

The chief executive of MGM Resorts International (MGM) brushed off concerns about a Chinese government crackdown crimping profits in the world’s largest gaming market of Macau, saying he doesn’t view it “as a major challenge.”

In an interview with Yahoo Finance, Bill Hornbuckle, CEO and president of MGM Resorts International and chairman of MGM China, dismissed concerns that China’s new regulatory attempts to exert tighter controls in the gambling enclave would fundamentally alter the growth opportunities in the market.

“Until proven wrong, I’m not and we’re not overreacting to what is being hyped or said,” Hornbuckle said. “We are hoping