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MONETARY AUTHORITY IN MACAU MOVES TO QUELL ATM LIMIT FEARS
09th December, 2016 at 15:06:09
Official reaction triggered by a press report that sent land casino shares tumbling yesterday.
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half (see previous report).
The Authority clarified that it had not tightened daily cash withdrawal limits for Chinese gamblers, explaining that it limited withdrawals to 5,000 patacas per transaction, effective Friday, but had not changed its daily limit.
A spokesman for UnionPay's international arm also weighed in, saying that the company had not changed its policy on overseas cash withdrawals using cards issued on the Chinese mainland, adding that the daily limit was still 10,000 yuan ($1,450), with an annual cap of 100,000 yuan.
Related News Tags: China
BLITZ ON THE WAY FOR CHINESE ONLINE GAMBLING
29th March, 2017 at 08:27:22
Government plans to crack down hard on online casinos and foreign land operators targeting Chinese high rollers.
NEVADA GAMBLING REVENUES FOR FEBRUARY RELEASED
28th March, 2017 at 19:47:54
Not the best February - 4.5 percent down year-on-year.
OURGAME LOOKS TO GLOBAL EXPANSION
27th March, 2017 at 13:46:09
Particularly within social casino and eSports sectors.
CHINA'S TIGHTER CONTROLS ON CAPITAL RESULT IN MAJOR DROP IN OUTGOING INVESTMENT
21st March, 2017 at 11:24:11
Foreign companies likely to feel the impact as Q1-2017 sees a significant 74 percent decline in outgoing investment capital.
LAND CASINO INVESTOR BUYS MOBILE APP COMPANY
20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?