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Melco Crown Entertainment Limited Message Board

  • coolguy7701@ymail.com coolguy7701 Mar 7, 2013 12:13 PM Flag

    China Getting Serious About Corruption and Money Laundering

    CLIFFORD COONAN in Beijing

    Authorities taking action after string of high-level scandals involving officials. China’s anti-corruption drive is starting to bite, as authorities go after the little “flies” and the powerful “tigers” involved in graft, while every week brings fresh revelations of sleaze in high places.

    The crackdown is extending beyond China’s borders. Macau, the former Portuguese colony which is now the gambling capital of the world, taking in far more in revenue from the tables than Las Vegas, that the government is planning to extend the crackdown there.

    The targets are the junkets for high-rollers, big-spending mainland Chinese who use the tables to clear ill-gotten gains. Many of these VIP gamblers are government officials.

    Sentiment: Strong Sell

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    • Macau Casinos can get grilled

      Sentiment: Strong Sell

    • coolguy7701@ymail.com coolguy7701 May 20, 2013 11:13 PM Flag

      Update 5/20/2013
      UNDERGROUND BANKING: The China-HK-Macau triangle
      According to Reuters, the Washington-based Global Financial Integrity group estimated about USD2.83 trillion flowed illicitly out of China from 2005 to 2011, with Hong Kong the largest recipient.
      With Macau Casinos, typical VIP rooms in Macau run by junkets - middle men who bring in Chinese punters and extend credit - maintain cash reserves or working capital of at least 100 million yuan ($16.3 million), with cash transfers tending to take place in hotel rooms or outside, away from surveillance cameras.

      In China, Court sentences underground bank operator to death.

      Sentiment: Strong Sell

    • coolguy7701@ymail.com coolguy7701 Mar 22, 2013 11:16 AM Flag

      Tycoon caught in money laundering probe: reports
      Vítor Quintã | 22/03/2013 | in Gaming
      Liu Han, the head of one of China’s largest private-sector conglomerates, has been detained in a money-laundering probe related to Macau casinos, according to reports.
      The chairman of Sichuan Hanlong (Group) Co Ltd and his ex-wife were detained after returning on a flight to Chengdu from attending the National People’s Congress in Beijing in mid-March, three Chinese newspapers reported.
      Mr Liu’s detention is related to investigations over money laundering in Macau casinos, the reports say, citing unidentified people familiar with the matter.

      Sentiment: Strong Sell

    • Now if only our country would get serious about the waste, fraud and corruption in our Federal Government!

    • have only a very small position here, as I don't know much about this company at all. To be fair, I do see a significant amount of negatives on the business side. But, I like the concept of the biodegrading material, and we can all see the various restrictions on plastics coming into play around the world.
      I think it's worth the gamble of a couple thousand bucks.
      If it finds success that will be great on many levels. If it fades away to nothing I can live with the loss. Less have only a very small position here, as I don't know much about this company at all. To be fair, I do see a significant amount of negatives on the business side. But, I like the concept of the biodegrading material, and we can all see the various restrictions on plastics coming into play around the world.
      I think it's worth the gamble of a couple thousand bucks.
      If it finds success that will be great on many levels. If it fades away to nothing I can live with the loss. Less have only a very small position here, as I don't know much about this company at all. To be fair, I do see a significant amount of negatives on the business side. But, I like the concept of the biodegrading material, and we can all see the various restrictions on plastics coming into play around the world.
      I think it's worth the gamble of a couple thousand bucks.
      If it finds success that will be great on many levels. If it fades away to nothing I can live with the loss. Less have only a very small position here, as I don't know much about this company at all. To be fair, I do see a significant amount of negatives on the business side. But, I like the concept of the biodegrading material, and we can all see the various restrictions on plastics coming into play around the world.
      I think it's worth the gamble of a couple thousand bucks.
      If it finds success that will be great on many levels. If it fades away to nothing I can live with the loss. Less

      Sentiment: Strong Sell

 
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