Tag Archive: Sands China

The casinos of Macau have a heavy dependency on high rollers coming across the border from China. Macau-based junkets offer incentives and even credit to these wealthy Chinese players. They receive a fat commission from the casinos themselves for providing players who will happily spend millions of dollars at a single sitting. It goes without saying, that this creates a massive need for money laundering and wire fraud. As a result, China is cracking down on Macau casinos to stop all junkets.

Both Macau and Hong Kong are the only two places in China where gambling is not forbidden. And because the Chinese love to gamble, then this has allowed Macau to become the largest gambling destination in the world. Though there are just 49 casinos in the province, they generate three times the income of Las Vegas, which has 135 casinos in operation. Though most of this comes from offering VIP games for Chinese high rollers, times are changing and anti-corruption laws have seen income drop.