Macau’s Gambling Industry, A Channel For The CCP’s Capital Laundering

September 19th, 2021

Image: Getty Images

According to an article published in ZeroHedge on September 15th, 2021, after Macau’s Economy and Finance Secretary warned the gambling industry about a 45-day “consultation period” which is due to start this coming Wednesday, stocks of several Macau-focused gambling companies, including Wynn Macau, Sands China, MGM China, and Galaxy Entertainment, tumbled as much as 34%.

The so-called “consultation period” is actually bringing Beijing government representatives to “supervise” daily casino operations. Although this is only a “directional signal” in Beijing’s gambling oversight, it has cracked down on Macau’s gambling industry and “several analysts have swiftly downgraded their operations in many of their gambling industry firms in Macau.”

Is this just another step that the Beijing government is preparing for decoupling from the West? 

For a more comprehensive view of this story, please click here:

  1. How The Chinese Use Illegal Online Gambling And Tether To Launder Over $1 Trillion Yuan

2. Macau Casino Stocks Tumble As Beijing Launches Crackdown On World’s Biggest Gambling Hub

Edited by:【Himalaya London Club UK】

Editor: TCC   /  PR: Mr Cow


Edited by:【Himalaya London Club UK】

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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