\u00a0 \u00a0<\/span><\/strong><\/p>\n<\/blockquote>\nCustomers typically receive the same amount of gaming chips as the cost of their junket package. Prior to Jinping’s crackdown, customers were able to move their money into Macau, and free it of the country’s high taxes.<\/p>\n
China, a communist state, mandates that citizens making just $13,000 or more a year pay 45 percent of their earnings to the government. Wealthy citizens pay even higher tax rates, which is why so many look to lessen their tax burdens by moving money.<\/p>\n
Junkets that fail audits and inspections have their licenses revoked or not renewed. There are currently 126 VIP gaming promoters licensed to do business in Macau.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau junket operators that bring VIP and high rollers to the special Chinese gambling enclave are being audited by local regulators who are inspecting the financial records of the touring companies. In a letter toGGRAsia,a website that follows the Asian sector of the casino industry, Macau’s Gaming Inspection and Coordination Bureau confirms “over 60” touring […]<\/p>\n","protected":false},"author":42,"featured_media":48867,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,60,18],"tags":[],"acf":[],"yoast_head":"\n
Macau Junket Operators Being Audited by Local Regulators<\/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