New graftbuster tipped to curb VIP gaming further

Union Gaming Research Macau says the new anti-corruption agency in the mainland will prolong the slump in the city’s VIP gaming market. The new agency is meant to have greater power than the body it replaces. “This represents the institutionalisation of the anti-corruption drive”, a note by Union Gaming Research says. “The anti-corruption drive is far from over and is likely to continue to impair Macau’s VIP market for a significant period of time”. The campaign against corruption in the mainland has deterred the rich there from flaunting their wealth by gambling in Macau, so depressing the city’s VIP gaming market.