Inside Asian Gaming

IAG SEP 2020年9月 亞博匯 32 COVER STORY come to Macau to gamble register their real names it would help the Macau government have better oversight of complicated capital channels and fulfill its responsibility to cooperate with the mainland government in combating illegal capital outflow. This would also play an important role in counting the number of gamblers and tracking source of funds in the future. AWS: Gambling has been the primary industry of Macau for many years but we are seeingmainlanders becoming increasingly involved in this industry, despite gambling clearly being illegal in their homeland. Do you see this as an issue? AC: Yes – mainland people should be forbidden from participating in gambling operations. For a long time, the laws and regulations of Macau and mainland China have been inconsistent on whether to restrict the identity of those who participate in gambling operations. There is no provision in Macau law stating that partners in any business operation cannot come from the mainland. However, according to mainland law it is clearly illegal for mainland people to invest, participate, organize and promote gambling activities and business either on the mainland or in Macau. Therefore, mainland people should not be allowed to open accounts as business partners. Only gamblers should be able to open accounts – using their real names – and only those who can write travelers checks should be legally allowed to take out gambling loans. AWS: Credit plays an important role in the IR industry all over the world but rules for credit vary from jurisdiction to jurisdiction. What are your thoughts on extending credit for tourism, specifically gambling, in Macau? AC: All credit issued in Macau’s casinos and VIP rooms