% | $
Quotes you view appear here for quick access.

Las Vegas Sands Corp. Message Board

  • coolguy7701 Feb 12, 2013 10:48 AM Flag

    Door is about to slam shut on high-rolling holidays to Macau

    Beijing is planning a crackdown on Triad-linked “junket” operators who bring high-rolling gamblers into Macau from across China and smooth a money-laundering route that processes billions of dollars every year.

    The move, which law enforcement sources say will begin after Chinese new year in late February and will involve police operations in more than six big Chinese cities, is part of an anti-corruption campaign led by Xi Jinping, the country’s president-in-waiting.

    “The squeeze has already started on a small scale, but the operators themselves believe that something bigger is coming within the next few weeks,” a Macau gaming industry source with ties to a junket operator told The Times. “There is a feeling that too much money has left China and the new administration will try to rein some of that in.”

    SortNewest  |  Oldest  |  Most Replied Expand all replies
42.49+0.67(+1.60%)Jun 28 4:02 PMEDT