{"id":81291,"date":"2018-06-20T12:00:53","date_gmt":"2018-06-20T19:00:53","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=81291"},"modified":"2018-06-20T14:04:01","modified_gmt":"2018-06-20T21:04:01","slug":"hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/","title":{"rendered":"Hainan ‘Cashless Casinos’ Win-Win for Resorts, Potential Loss for Macau"},"content":{"rendered":"

Cashless casinos, or so-called “entertainment bars” that allow patrons to gamble for credits, could jeopardize Macau’s gambling monopoly in the world’s most populated country.<\/p>\n

\"China
Home to crystal blue waters, expansive beaches, and towering resorts, Hainan will soon offer visitors cashless casinos. (Image: Xinhua\/Casino.org)<\/figcaption><\/figure>\n

Commercial casino gambling is outlawed throughout China, the exception of course being Macau, the Special Administrative Region (SAR) that’s become the richest gambling hub on Earth.<\/p>\n

\n

But federal courts in the People’s Republic recently ruled that playing games like baccarat without the potential of winning actual money doesn’t constitute gambling, and is therefore permitted.<\/span><\/p>\n<\/div>\n

For resorts outside Macau, that means they can theoretically offer “cashless” gaming tables such as the wildly popular baccarat.<\/p>\n

In Hainan, which is seeking to become China’s version of Hawaii<\/a>, resorts are beginning to offer such gaming tables. While patrons can certainly lose cash, they can’t win it.\u00a0Instead, fortunate bettors who do “win” receive resort credits and other incentives to use at restaurants and area attractions.<\/span><\/p>\n

Macau Impact<\/b><\/h2>\n

Just over 100 miles south of Macau, the island of Hainan has been home to cashless casinos before.<\/p>\n

In 2014, local officials intervened and shut down entertainment baccarat tables at various resorts. Property owners petitioned the federal court system, and received a favorable ruling in December 2017.<\/p>\n

With cashless gambling tables returning to Hainan, concerns are arising regarding their impact on Macau. With a Bloomberg <\/i>report highlighting the quasi gambling published this week, stocks of casino operators<\/a> that have billions of dollars invested in the enclave lost valuation.<\/p>\n

Las Vegas Sands, MGM Resorts, and Wynn Resorts, the three US-based licensed casino companies in Macau, all saw their stocks decline over the last five days.\u00a0Sands lost 4.5 percent, MGM fell 4.4 percent, and Wynn dropped 6.7 percent.<\/span><\/strong><\/p>\n

The losses might be partially attributed to President Donald Trump targeting $200 billion in tariffs on Chinese imports. Stock markets worldwide retracted on the news.<\/p>\n

Hainan Development<\/b><\/h2>\n

Bloomberg <\/i>reports that at least five Chinese-owned resorts are moving to incorporate cashless casinos into their properties. The financial news outlet believes the games could “provide a boost to Hainan’s tourism-related businesses, while at the same time allowing regulators to avoid many of the money-laundering and capital-outflow risks associated with traditional gambling operations” found in Macau.<\/p>\n

Some recreational gamblers — those who aren’t arriving in Macau via charter jet often facilitated by a VIP junket group — might also prefer the ease and simplicity of cashless tables over the more traditional casino floors found in the enclave.<\/p>\n

That could present a problem for Macau, a region that has lessened its focus on the high roller in favor of the general public after Chinese President Xi Jinping included junkets in his anti-corruption campaign in 2014.<\/p>\n

Tourism plays a critical role in Hainan’s economy, primarily due to its tropical beaches. The central government has long encouraged foreign investment, and in 2009 introduced incentives to make the island “an international destination” by 2020.<\/strong><\/p>\n

US companies with properties in Hainan include Hilton and Marriott.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cashless casinos, or so-called “entertainment bars” that allow patrons to gamble for credits, could jeopardize Macau’s gambling monopoly in the world’s most populated country. Commercial casino gambling is outlawed throughout China, the exception of course being Macau, the Special Administrative Region (SAR) that’s become the richest gambling hub on Earth. But federal courts in the […]<\/p>\n","protected":false},"author":25,"featured_media":81295,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,18,61,13592],"tags":[],"acf":[],"yoast_head":"\nHainan 'Cashless Casinos' Win-Win for Resorts, Potential Loss for Macau<\/title>\n<meta name=\"description\" content=\"Cashless casinos, or entertainment bars that allow patrons to gamble for credits, could jeopardize Macau's gambling monopoly in the world's largest country.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hainan 'Cashless Casinos' Win-Win for Resorts, Potential Loss for Macau\" \/>\n<meta property=\"og:description\" content=\"Cashless casinos, or entertainment bars that allow patrons to gamble for credits, could jeopardize Macau's gambling monopoly in the world's largest country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-20T19:00:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-06-20T21:04:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/collage-19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/\",\"url\":\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/\",\"name\":\"Hainan 'Cashless Casinos' Win-Win for Resorts, Potential Loss for Macau\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/collage-19.jpg\",\"datePublished\":\"2018-06-20T19:00:53+00:00\",\"dateModified\":\"2018-06-20T21:04:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Cashless casinos, or entertainment bars that allow patrons to gamble for credits, could jeopardize Macau's gambling monopoly in the world's largest country.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/collage-19.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/collage-19.jpg\",\"width\":1200,\"height\":720,\"caption\":\"Already with crystal blue waters, expansive beaches, and towering resorts, Hainan will soon offer visitors cashless casinos. (Image: Xinhua\/Casino.org)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulation\",\"item\":\"https:\/\/www.casino.org\/news\/regulation\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Hainan ‘Cashless Casinos’ Win-Win for Resorts, Potential Loss for Macau\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hainan 'Cashless Casinos' Win-Win for Resorts, Potential Loss for Macau","description":"Cashless casinos, or entertainment bars that allow patrons to gamble for credits, could jeopardize Macau's gambling monopoly in the world's largest country.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Hainan 'Cashless Casinos' Win-Win for Resorts, Potential Loss for Macau","og_description":"Cashless casinos, or entertainment bars that allow patrons to gamble for credits, could jeopardize Macau's gambling monopoly in the world's largest country.","og_url":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-06-20T19:00:53+00:00","article_modified_time":"2018-06-20T21:04:01+00:00","og_image":[{"width":1200,"height":720,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/collage-19.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/","url":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/","name":"Hainan 'Cashless Casinos' Win-Win for Resorts, Potential Loss for Macau","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/collage-19.jpg","datePublished":"2018-06-20T19:00:53+00:00","dateModified":"2018-06-20T21:04:01+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"Cashless casinos, or entertainment bars that allow patrons to gamble for credits, could jeopardize Macau's gambling monopoly in the world's largest country.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/collage-19.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/06\/collage-19.jpg","width":1200,"height":720,"caption":"Already with crystal blue waters, expansive beaches, and towering resorts, Hainan will soon offer visitors cashless casinos. (Image: Xinhua\/Casino.org)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/hainan-cashless-casinos-win-win-for-resorts-potential-loss-for-macau\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Regulation","item":"https:\/\/www.casino.org\/news\/regulation\/"},{"@type":"ListItem","position":3,"name":"Hainan ‘Cashless Casinos’ Win-Win for Resorts, Potential Loss for Macau"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/81291"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=81291"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/81291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/81295"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=81291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=81291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=81291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}