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ISSUE 118 - Feb 2014
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Growth above 10 percent
Growth from 0 to 10 percent

Cross-border cash flow controls mooted: report

Posted: 7/5/2013 12:24:15 PM
Rating:     0% ( votes)

Financial Intelligence Office director Deborah Ng Man Seong says the government is considering a new arrangement for declaring cash when crossing the border, reports the Portuguese news agency Lusa.

Lusa quoted Ms Ng as saying the government was “analysing the feasibility of implementing a declaration or notification requirement” of certain amounts to meet recommendations by the international Financial Action Task Force on Money Laundering.

There is no schedule in place for introducing the changes.

Ms Ng said although money laundering was a crime here, there was no criminal sanction for failing to declare funds carried across the border or for lying to officials.

Beijing bans mainlanders from bringing more than RMB20,000 (MOP26,000) into Macau.

Other Macau Latest News

Tam says gaming table growth policy still in force

Economy secretary says limit is simply on growth in total number of tables

September package tourists increase to 1.03 mln

Fewer visitors stay in hotels, reducing average occupancy rate to 85 pct

Law permits smoking of e-cigarettes in casinos

Gamblers may puff away – if they can find e-cigarettes anywhere in town

Fiscal reserve MOP244.57 bln at end of September

Reserve makes investment profit of MOP2.91 bln in first nine months of 2014

MGM Resorts makes Q3 loss as US takings decrease

Only higher revenue in Macau mass market keeps total casino revenue steady

Govt says casino operator breaking smoking rules

Melco Crown Entertainment denies Health Bureau accusation of wrongdoing

Wynn Resorts Q3 profit rises despite Macau slump

Revenue from company’s operations in Macau falls 5.6 pct to US$942.3 mln

Asia-Pacific share of intl tourists tipped to grow

World Tourism Organisation expects region to have 30 pct of total by 2030

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