George Choi, an analyst at Citigroup in Hong Kong, said that. In contrast, the public consultation doc offered restricted details; the recommended revisions enhance lengthy-term sustainable growth for the industry with “constructive implications on the six casino operators.” The consultation comes as Macau has struggled with a shortage of travelers because of coronavirus curbs since the beginning of 2020. While gambling revenues have picked up in the latest months, they remain at less than half of 2019 month-to-month hauls. A Chinese particular administrative region, Macau, has massively tightened scrutiny of casinos in recent times, with authorities clamping down on illicit capital flows from mainland China and concentrating on underground lending and unlawful cash transfers. Beijing has additionally intensified a conflict on cross-border flows of funds for gambling, affecting the financing channels of Macau’s junket operators and their VIP casino prospects.
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