China’s Macau Crackdown Attacks the Symptoms, Not the Cause

Of the important thing measures being proposed — tighter supervision of day-to-day operations, extra management over dividend payouts, and elevated native shareholdings  — solely the primary does a lot to have an effect on cross-border actions of cash, which had roughly regained their 2013 degree earlier than the pandemic. The latter, if something, suggests a wonderful alternative for linked locals to purchase into profitable companies at a fire-sale worth. And all simply in time for the renewal of main on line casino licenses due subsequent 12 months, likewise an ideal second for Macau’s authorities to take its personal bigger share of winnings. | China’s Macau Crackdown Assaults the Signs, Not the Trigger


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