News From The Casino Scene

Macau to Implement Security Features at ATMs Around Casinos.

Macau to Implement Security Features at ATMs Around Casinos.

Tightened restrictions on cash flows out of mainland China since late 2016 have been implemented to support the yuan and to make it harder for both individuals and companies to move money out of the country. 

Macau is an administrative region of China and revenues from gambling have rebounded recently with more mainlanders taking advantage of the easing of President Xi Jinping's campaign against shows of wealth by public officials.

In order to verify users of China’s UnionPay bank card, the ATMs will monitor withdrawals by scanning identity cards using facial recognition technology. These measures come as Macau is planning changes to the anti-money laundering laws to strengthen current regulations.  Additional audits on the lucrative VIP gambling sector are being conducted and more vetting of individual junket operators is being put in place.

No dates, as yet, have been given as to when these changes will be effective.

 

 

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