Macau casino junkets fret as China amends gambling law

Macau saw revenue plummet by $27 billion this year as pandemic travel curbs kept lucrative Chinese gamblers away. While visitors are slowly returning, a potentially bigger threat is unnerving Withdrawals from casino junkets threaten Macau's economy. While gambling is illegal on the Chinese mainland, it is allowed in casinos in Macau. But fears that Beijing could broaden a crackdown on Junkets in the former Portuguese colony are licensed to provide customers with chip deposits and withdrawal services on behalf of casinos Sands China, Wynn Macau, MGM China, Galaxy Entertainment Macau casino junkets fret as China amends gambling law. By Steven Stradbrooke. 29 December 2020. Tags: China, junket operators, Macau. Casino junket operators who lure Chinese nationals to gamble Macau’s government recently revealed that it collected around MOP299m (US$50m) in taxes on commissions paid to junkets by local casino operators last year, down nearly one-quarter from 2018. The - Macau's six licensed casino operators -- Wynn Macau Ltd 1128.HK, There are more than 190 licensed junkets in Macau with the top 40 accounting for 80 percent of total VIP revenue. - The VIP

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