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Beijing's 2014 anti-corruption crackdown targeting VIP gambler

Macau authorities have succeeded in the operation, apparently because they have robbed corrupt officials and VIP gamblers who are unwilling to disclose the source of the funds. At the same time, the anti-corruption crackdown hit casinos hard, as VIP gamblers from mainland China earned more than 50% of their total game revenue.

Casinos in Macau are in Macau to celebrate Golden Week, which is taking place in the first week of October in China. This holiday is a time for countless visitors from mainland China to head to Macau to visit casinos and test their fortunes during Golden Week.

Macau is an hour away by ferry from Guangzhou, Shenzen, and Hong Kong. Thousands of tourists use the ferry to arrive in Macau every day, but a typhoon rainbow appeared during Golden Week, preventing mainland tourists from visiting Macau. The typhoon circled Macau on Sunday after receiving three warnings, prompting Macau's airport to reschedule flights and ferry adjustments.

October 1 is a Chinese national holiday, and the total number of visitors to Macau increased 7.6 percent compared to 2014. According to data released by Macau Public Security Police, the number of visitors to mainland China increased by 18.3 percent compared to 2014. On October 2, it continued to increase, up 18.3% compared to 2014. However, the number of visitors dropped significantly after Typhoon Rainbow on Sunday, bringing the total number of visitors between Oct. 1 and Oct. 4 to just 1.9 percent compared to 2014.

China, the world's largest gambling hub, is now facing a serious threat from a drop in visitors to mainland China, and casino facilities are very concerned about their future. The Chinese government has also indicated that it is closely monitoring the revenue the Macau casino industry makes and may take steps to revive the struggling casino industry.

Li Gang, head of the Chinese government's regional liaison office, said Beijing would soon come up with proposals on how to improve Macau's casino industry. There have been signs of what those changes might be, but game analysts believe Beijing is likely to ease visa restrictions to get mainland Chinese to visit Macau more often.
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Monday, April 8, 2024
 
 
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