The police have not yet found the leader behind the call center. Zaini said that they have Chinese nationals as their clients, and all the transfers were made directly to the banks in China.
In certain ways, China has had a big impact on Macau’s gambling revenue. While it hasn’t been intentional, the trade war with the U.S., protests in Hong Kong, a weaker domestic economy and a strict anti-online gambling stance have been responsible for weaker gambling action in the city. According to one analyst, this pressure could soon spread into Europe, as well, causing its gaming industry to suffer.
The People’s Bank of China has announced that it is close to introducing the first national cryptocurrency known as the Digital Currency Electronic Payment (DCEP).
China has imposed a curfew to limit the time spent by children playing games online, in the latest part of a government crackdown on youth gaming addiction.
Gambling is illegal in China and online gambling centres which cater to Chinese nationals have sprouted up across ASEAN as a result – most notably in Cambodia and the Philippines.
Chinese state television said today it would not air National Basketball Association (NBA) exhibition games played in the country this week, heaping pressure on the US basketball league after a tweet by a Houston Rockets executive backing protests in Hong Kong.
China continues to send out signals that its recent efforts to stamp out online gambling in other Southeast Asian nations are no passing fancy.
Chinese and Cambodian authorities have arrested almost 1,000 people suspected of engaging in online gambling, telecommunications fraud and gang crimes this year, according to information released by China’s Ministry of Public Security.
Macau’s Gaming Inspection and Coordination Bureau has restricted Macau gaming operators from transferring to third parties – based in Macau or elsewhere – any information related with their respective “gaming activities or operations, including customer personal data”. The restriction by the casino regulator – a body also known by its Portuguese acronym DICJ – additionally covers the city’s junket operators, reported the Macau News Agency.
Alibaba and rival Tencent Holdings each boast about 1 billion users of their payment platforms, which account for 90% of total mobile transactions. They have spurred a shift away from cash and spawned countless businesses that rely on this new financial infrastructure.