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The three other licensees in Macau – Melco Resorts, SJM Holdings, and Galaxy Entertainment – respectively lost 4.5 percent, 4.6 percent, and 6.3 percent.Deal or No DealJulian Evans-Pritchard, a senior economist with Capital Economics who specializes in China, says President Xi Jinping’s willingness to stop defending the seven yuan against currency difference “suggests that they have all but abandoned hopes for a trade deal with the US.”“In a statement likely to anger Trump, the People’s Bank of China has explicitly linked today’s devaluation with the renewed tariff threat made by the US last week,” she concluded.The two largest economies in the world engaging in the trade conflict has led to losses around the globe. 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