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Casino Chiefs to Meet Macau Officials on Proposed Gaming Rules: Bloomberg

Tourists take snaps in front of the Hotel Lisboa and Grand Lisboa Casino in Macau. AFP photo.

 

(AF) Macau casino bosses are to meet government officials to discuss proposed new gaming curbs that sent shares in the companies plummeting, Bloomberg reported.

Local officials drew up new restrictions on the industry in response to Beijing’s concern that the world’s largest casino hub, the only place in China that allows gambling, is being used for money laundering, the report stated. The casinos expect to be given more details on the plans so they can work out how to adjust their operations, it added. Full report: Bloomberg

 

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Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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