“The extent of direct impact on Macau is that China does not want Macau used as a hub for illegal activity, with criminal elements targeting Chinese visitors in Macau to go overseas or sign up for illegal online gambling applications,” added the note from Bernstein. “As a result, Macau will cooperate with the China authorities most certainly to crack down on any such potential activity.”<\/p>\n
\n
China’s high rollers are the most coveted VIPs throughout all of Asia. Multibillion-dollar casino resorts in Australia, South Korea, the Philippines, Malaysia, and Singapore all prize the Chinese guest.<\/p>\n<\/div>\n
“Overseas casinos that rely significantly on junkets are clearly in the crosshairs and will suffer the impact — especially if China has plans for long-term enforcement of the existing policies (which we believe China does),” the Sanford note concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
China is continuing its crusade to stop its citizens from traveling abroad to gamble. Last week, China’s Ministry of Public Security announced that it has directed its law enforcement agencies to infiltrate gambling networks outside the People’s Republic targeting mainland residents. Lioa Jinrong, director of the international cooperation department at the ministry, says 35,000 Chinese […]<\/p>\n","protected":false},"author":25,"featured_media":163802,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\n
China to 'Paralyze' Foreign Casinos That Entice Mainlanders to Gamble<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n