News Formal

Macau VIP casino industry out of luck as China cracks down on capital flows | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

HONG KONG, Aug 18 — China’s move to stamp out online gambling to help contain capital outflows is hitting liquidity in Macau’s VIP segment, at a time when the world’s No. 1 gambling hub is hobbled by slowing economic growth, Sino-US tensions and coronavirus lockdowns. In June, Beijing...

Tuesday, 18 Aug 2020 07:45 AM MYT

Authorities have frozen thousands of bank accounts and seized more than 229 billion yuan , according to government statements, while illegal gambling rings across the country have been purged on a near weekly basis. Gambling is illegal on the mainland and junkets operate in a grey area, luring big spending gamblers with luxury perks and lines of credit, often using underground banking networks and payment channels.

“The junket sector in Macau has been living on borrowed time for years, and the end is drawing nearer,” says Anthony Lawrance, managing director of Greater Bay Insight, a consultancy. The speculation saw around 900 players withdraw deposits from Suncity’s VIP clubs across casinos in Macau between July 9-11, according to an internal email sent among operators.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 1. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

APIB aims to cooperate with domestic financial institutions to promote Islamic finance industry | Malay MailKUALA LUMPUR, Aug 17 — Asia Pacific Investment Bank (APIB) aims to cooperate with domestic financial institutions to promote the internationalisation of the Islamic finance industry. APIB chief executive officer Chris Wang is confident that APIB could be the bridge that connects Malaysia and...
ソース: malaymail - 🏆 1. / 86 続きを読む »

Halal industry still has huge potential for further growth, says Miti | Malay MailKUALA LUMPUR, Aug 17 – The halal industry still has huge potential to be strengthened with planned and inclusive strategies, said the Ministry of International Trade and Industry (Miti). Its Minister, Datuk Seri Mohamed Azmin Ali, said the aim of transferring the Halal Development Corporation to...
ソース: malaymail - 🏆 1. / 86 続きを読む »