Tag Archives: pawn shops
- Macau police bust more bogus UnionPay point-of-sale terminals
January 6, 2017
Macau authorities continue to crack down on the unauthorized use of China UnionPay bank cards to facilitate bogus cash transactions. On Friday, Macau Judiciary Police (JP) announced the arrests of 23 individuals following investigations of 13 retail shops. In eight of these shops, police seized UnionPay terminals that had been...
- Macau GDP tumbles; pawn shops still processing bogus UnionPay transactions
September 1, 2015
Macau’s gross domestic product fell more than one-quarter in Q2 as the special administrative region’s casino-based economy continues to struggle. Figures released Monday by Macau’s government showed GDP falling 26.4% in the three months ending June 30, a worse result than Q1’s 24.5% decline. That puts Macau’s economic output at...
- Macau institutes transit visa restrictions, struggles to nab UnionPay cheats
June 18, 2014
As promised, Macau has imposed new restrictions on Chinese tourists who ‘transit’ through Macau to another destination. Previously, mainland tourists who used Macau as an intermediate stop on their way to a third port of call were allowed to stay seven days in the world’s top gambling hub, but this...
- Macau casinos double-whammied by debit card and visa crackdowns
May 8, 2014
Shares in Macau casino operators took a pounding on Thursday after China announced it would impose restrictions on the use of state-backed payment processor UnionPay. By law, Chinese citizens are permitted to take RMB 20k (US $3,200) in cash out of the country per trip, with a RMB 50k annual...
- Las Vegas Sands curbs VIP money transfers; pawn shops fuel Macau’s gamblers
January 26, 2013
Casino operator Las Vegas Sands (LVS) will no longer conduct international money transfers on behalf of its high-rollers and will no longer allow gamblers to transfer funds from their bank accounts using an alias. On Thursday, the Wall Street Journal reported that Sands was overhauling its compliance procedures as a...
Charges dropped against Calvin Ayre, Bodog and friends
July 14, 2017
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017