Casino money heads back to Macao from Philippines and Cambodia

China's crackdown on cross-border gambling likely to reverse outflow.

Hong Kong – China’s ongoing crackdown on remote gambling has sent online operators in Cambodia and the Philippines scrambling for cover, but should provide relief for Macao casinos facing shrinking revenues.

Beijing’s campaign started after a state-owned newspaper in early June called out Suncity Group, the biggest of the Macao junket companies which help to arrange high rollers’ casino trips, for causing social harm and driving capital outflows by connecting Chinese VIPs with gambling services in Southeast Asia.

A few days later, Chinese Public Security Minister Zhao Kezhi publicly announced a crackdown on organizations involved in cross-border gambling.

In full: https://asia.nikkei.com/Business/Media-Entertainment/Casino-money-heads-back-to-Macao-from-Philippines-and-Cambodia

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