Macau casino junket operators face fadeout from planned digital currency


Source: thestandard.com.hk thestandard.com.hk

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Macau casino junket operators face fadeout from planned digital currency Business | 22 Apr 2021 4:14 pm Font Macau's plans to use China's future digital currency will help Beijing rein in money laundering in the world's top gambling hub but could deal a fatal blow to casino junket operators, writes Farah Masters of Reuters. These companies, who help lure high rollers to Macau, have been on the ropes since Beijing identified the cross-border flow of funds for gambling as a national security risk last June. Since then, opaque financing channels used by the online gambling sector and Macau's junket industry...