Macau faces regulatory balancing act as international scrutiny mounts

    Published in: Latest Intelligence By Christine DuhaimeMacau is facing a delicate balancing act – how to satisfy mounting international demands to crack down on money laundering and other criminal activities in its $38 billion gambling industry, without killing the goose that lays the golden egg.Finding a way of regulating the junket operators, which bring in about 75 percent of Macau’s annual gambling revenue, is central to the problem.Many warn that efforts to clamp down on the junkets, which have acted as middlemen between Macau and China’s high rollers, would have a major impact on casino operators and may scare away the Mainland big spenders.Still, with the rhetoric ramping up, most say that eventually some action will need to be taken.At home, Macau’s Prosecutor General Ho Chio Meng last week called on the government to amend criminal laws to address what he called serious issues arising from the gambling sector and the...

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