\u00a0explains,\u00a0 \u201cMacau junkets and their symbiotic relationship with the casinos have long facilitated capital outflows from China, but such outflows are now, in the context of [China\u2019s] current financial weakness, a virtual national security issue. The digital yuan will provide Beijing with a means to limit and control significant outflows into the Hong Kong dollar and US dollar. If the mainland authorities are really set on control, an obvious next step could be a ban on use of HKD in Macau\u2019s casinos \u2013 in time. None of these developments will be good for the American investors in Macau\u2019s casinos.\u201d<\/span><\/p>\nIn the end though, Vickers believes that the change will be a positive step. \u201cPeople are canny and will adapt. However, that will take time.\u201d<\/span><\/p>\nDean Macomber, a casino executive who works in Macau, the Philippines and North America, says believes that requiring play in digital RMB could might backfire by driving high-end players (and their money) further underground.<\/span><\/p>\nThere are plenty of other currency channels that are even more difficult to control. \u00a0Casino executive and industry analyst Vitaly Umansky who is based in Hong Kong says\u00a0 \u201cHow liberal will the Chinese government be at this stage? It\u2019s impossible to say because we don\u2019t really know how much enforcement there is going to be until we actually see some sort of normalised travel\u2026..The Chinese customer is always going to prefer Macau as long as the Chinese government doesn\u2019t make it bad to go to Macau\u201d.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Increasingly, China has been clamping down on the gaming industry. Over the last few years they\u2019ve made it more difficult for gamers to travel to land-based casinos in gaming centers like Australia, New Zealand, Macau and the Philippines. The government has attempted to reduce its citizens\u2019 access to offshore casinos including to the popular\u00a0Red Stags […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[99],"_links":{"self":[{"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/posts\/71850"}],"collection":[{"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/comments?post=71850"}],"version-history":[{"count":2,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/posts\/71850\/revisions"}],"predecessor-version":[{"id":71852,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/posts\/71850\/revisions\/71852"}],"wp:attachment":[{"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/media?parent=71850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/categories?post=71850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oracleglobe.com\/wp-json\/wp\/v2\/tags?post=71850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}