Proxy betting attracting Macau’s missing billions?

Proxy betting is booming in Asia’s grey markets, with live broadcasts of table games thought to be pulling in a chunk of Macau’s missing VIP billions, but this growth has led to concern over unclear regulations. Some experts are suggesting that a sizeable portion of Macau’s lost turnover has found its way into the grey markets of Indochina and Southeast Asia – specifically Cambodia, Vietnam and Philippines – as customers in remote locations seek the anonymity and relative ease of utilizing so-called proxy players. In theory, the practice is illegal in Macau, though it was only relatively recently that the major casinos claimed to have stopped accepting proxy bets. However, elsewhere the restrictions are more relaxed and open to interpretation. “Even though the high rollers aren’t necessarily coming to Macau anymore, there’s no doubt in anybody’s mind that they are still playing,” Tim Shepherd, co-founder and executive director of Silver Heritage said...

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