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UPDATE 1-Macau's August gaming revenues tumble China has announced that tourist visas, through which a majority of visitors enter Macau, would casino visa reinstated for all provinces from Sept.
Since then, financing channels used casino visa the online gambling sector and cryptocurrency lending platforms have been cut casino visa, with tens read more thousands of suspects arrested.
Visitor levels were around 7, daily in the last week of August compared with aroundin The subdued visitation adds to a list casino visa hurdles for the former Portuguese colony, already hobbled by slowing economic growth, Sino-U. Casino executives and junket operators say the crackdown is hitting big spending VIP customers due to worries over their financing channels via the junkets.
While China was not targeting the Macau casino industry itself, they said the focus on money laundering and illegal transactions put pressure on liquidity. tensions and coronavirus lockdowns.
Reporting by Farah Master; Editing by Kim Coghill and Amy Caren Daniel.Casino executives and investors had been eagerly awaiting the loosening of visa restrictions to revive gaming revenue, which has slumped since February due to coronavirus-led travel restrictions.