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Belarus Signs Online Casino Activity into Law

Belarus Signs Online Casino Activity into Law National President, Alyaksandr Lukashenka signed Decree No. 305 August 7. This decree allows operators to license their products and offer to Belarus citizens as long as they fall under regulations. Rules to abide by are; operators must have a safety net in a separate account to pay players winnings if the business fails. All licensed online casinos must utilize the centralize payment processing system and operators must have some form of identity and age check for all players. Other requirements include no loaning of monies to gamble with, operators must monitor all gambling action in land-based resorts via the CCTV system and tax authorities will have remote access to operator finance and management systems.

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Link between Chinese anti-corruption drive and Macau casino revenue

Chinese anti corruption drive Intended to stave off the illicit flow of capital abroad, the move had an immediate detrimental effect on Macau, as high rollers, which comprise over 50% of the former Portuguese enclaves total gaming revenue, avoided the tightly monitored casinos. China had even gone so far as to use facial recognition technology to identify its own officials who were suspected of corruption entering Macau casinos so they could be further monitored. As a result of the crackdown, VIP gaming revenue began to decline in May 2014 and continued to fall for a total of 28 straight months. Macau has previously been impervious to global down turns. After Portugal handed over Macau to China in 1999 , Macau became the only place casino gambling was legal in China and was declared a Special Administrative Region. Casino license were handed out to global casino operators such as MGM Resorts International, Wynn Resorts and the Las Vegas Sands Corporation among others and by 2013 gross gaming revenue peaked at $45 billion, comprising over 75% of the enclave’s total revenue and pulling in seven times more money than Las Vegas. Even as the global financial crisis of 2008, and the European debt crisis of 2012 drove world markets sharply down, Macau continued to grow by leaps and bounds. From its inception in 2002, when Macau saw gambling revenue comprise 41.73% of its GDP, total gambling revenue as a percentage of GDP would hit 91.6% by 2010, thanks in large part to the gambling mecca’s focus on Chinese VIPs. By 2017, the government of Xi Jinping in mainland China began to ease up on its anti-corruption campaign and Chinese whales began to filter back into Macau, but all was not smooth sailing. In October of that year the Chinese government arrested 18 of James Packer’s Crown Resorts staff on the mainland, including three แทงบอลออนไลน์ เครดิตฟรี Australian executives, a Malaysian and 14 Chinese nationals, who were operating in China attempting to lure Whales on VIP junkets to Crown Resorts casino in Melbourne.

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