Jonathan May 10, 2024 16:41:30
uPaycard are still going. But you'll be hard pushed to find a single casino using them as a payment option. They have been mired in money laundering scams, causing them to close the original company and reform offshore. There's no need to tell you to steer clear of them as you wont find them active on any online casino.
Phyllis F. January 19, 2015 10:44:40
Junkets first became popular in Macau thanks to a now obsolete law prohibiting casinos from lending money. Macau’s gambling industry continues its steady stream of decline with Macau’s fourth quarter VIP revenue down 29% and mass market revenue down 16%. And who or what is responsible for this slide? Speculations are that on the one […]
Alex Nevsky November 10, 2014 10:42:51
The decline in Macau’s revenues may have been caused by something else than general decrease in gambling worldwide. The recent increase in Chinese authorities’ efforts against illegal gambling and money laundering across the country may have played a part in Macau’s dropping revenues. The enclave is officially part of China, but adheres to its own […]
Monica E. August 6, 2014 09:05:55
Recent measures to combat corruption backfire, as Macau revenues drop without mainland gamblers. It’s been a month since the new restrictions on UnionPay machines in jewelry shops came into effect in Macau. Authorities are keeping their eyes out for signs money laundering in casinos. The world’s largest gambling hub is under tight scrutiny. Macau officials […]
Monica E. July 3, 2014 11:35:46
Macau’s winning streak is over, as revenues decline for the first time in more than four years. Located in the perfect spot to attract gambling-thirsty Asian players and offering all the luxury you can ask for, it only took Macau a few years to surpass Las Vegas and become the world’s most popular gambling destination. […]
Monica E. June 27, 2014 18:23:40
Officials felt a new set of regulations was needed to better control the cash flow in the world’s largest gambling hub. Luxury casinos and hotels, special tables for high-rollers and everything a true gambler’s heart could desire. Over the past few years, Macau has drawn a record number of players from all over the world […]
Iva P. June 3, 2014 14:01:48
Chinese government undertakes crackdown on UnionPay, the only legal domestic bankcard organization available to local gamblers, in an attempt to have control over the use of bank cards. Trying to fight the widespread Macau money laundering practice, the monetary authorities gave casinos a deadline until July 1st to remove the illegal China UnionPay mobile swipe […]
Jennifer W. May 18, 2014 06:40:17
Macau cracks down on the use of Chinese state-back bankcards in a bid to stop large amounts of money being taken out of China illegally. While Chinese gambling laws prohibit gambling in Mainland China, Macau has become the world’s largest gambling market, and a go-to destination for Chinese citizens looking to play at its casinos. […]
Toni May 14, 2014 14:54:56
Mass market gamblers overtake junket operators in Macau, as they prefer to handle their own funds and casino preferences. Macau usually relied on high rollers to gamble in their casinos by way of “junket operators.” These middle men would usually organize trips and facilitate casino games for a certain commission from the casinos in questions. […]
2024-09-16
2024-09-16
2024-09-13
2024-09-13
2024-09-12
2024-09-12
