• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 21 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Suncity Group boss Alvin Chau proposes legal solutions between Macau and mainland China on capital flow concerns

Newsdesk by Newsdesk
Thu 3 Sep 2020 at 06:52
Alvin Chau

Alvin Chau

286
SHARES
5.7k
VIEWS
Print Friendly, PDF & Email

Suncity Group CEO and Director Alvin Chau has proposed the implementation of new regulations regarding the flow of capital from mainland China into Macau aimed at improving the capital quality of high-end players while better aligning the legal standpoints of the two jurisdictions.

Chau outlines his ideas in the September issue of Inside Asian Gaming, published today, including a proposal for Chinese banks to issue mainland individuals travelers checks for use in Macau’s casinos, VIP rooms and banks.

“Based on the current system, I think regulation is needed to supervise Chinese gamblers in terms of their capital quality, as well as the capital sources of casinos and VIP rooms, while collecting data on gambling funds in Macau,” he tells IAG.

“This regulatory system can avoid authorized people or entities running casinos or VIP rooms in Macau falling into a gray area in relation to laws in mainland China.

“The lack of clarity between the two systems has made it difficult for gaming operators to comply with the laws. I hope the relevant institutions in Macau can establish a comprehensive and complete set of business strategies and financing channels which are compliant with the laws of both sides.”

On the issue of mainlanders accessing their own funds for use in Macau’s casinos, Chau suggests that, “Banks in Mainland China could issue travelers checks to mainlanders that Macau casinos, VIP rooms and banks could cash in.

“Using this approach, banks could vet the capital quality of the individuals using the checks while banks and the mainland authorities could also supervise the financial status of each gambler. This will also reduce the chances of Macau gaming entities lending huge amounts to gamblers, and reduce the risk of bad debt.”

Chau’s full interview detailing a series of solutions for the ongoing capital flow conflictions between mainland China and Macau can be found in the September issue of IAG, out today.

RelatedPosts

Wynn Macau to invest MOP$16.5 billion in non-gaming projects over the next decade

Wynn Macau Ltd said to be “setting a progressive dividend policy” after maintaining dividend payout in 1H25

Wed 20 Aug 2025 at 21:28
Mario Ho, son of Macau’s Stanley Ho, becomes co-owner and board member of NBA team Boston Celtics

Mario Ho, son of Macau’s Stanley Ho, becomes co-owner and board member of NBA team Boston Celtics

Wed 20 Aug 2025 at 15:23
Term of Macao Government Tourism Office Director Maria Helena de Senna Fernandes extended by two years

Term of Macao Government Tourism Office Director Maria Helena de Senna Fernandes extended by two years

Wed 20 Aug 2025 at 13:48
Wynn Macau named Official Venue Partner for Asia’s 50 Best Restaurants 2022

Wynn Macau Ltd completes US$1 billion notes offering

Wed 20 Aug 2025 at 05:36
Load More
Tags: Alvin Chaucapital outflowcasinosChinaMacauSanctity GroupVIP rooms
Share149Share16
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

PAGCOR chair Tengco says transactions on licensed online gambling sites down 50% since ban on e-wallet links

PAGCOR chair Tengco says transactions on licensed online gambling sites down 50% since ban on e-wallet links

by Newsdesk
Thu 21 Aug 2025 at 05:35

PAGCOR Chairman and CEO Alejandro Tengco told a Senate hearing into the Philippines’ domestic online gaming, or eGames, sector that online gaming transactions on licensed platforms had dropped by around 50% since an order to remove gambling-related links from e-wallets...

Death by a thousand cuts

SkyCity announces US$140 million equity raising on continued economic weakness, lower customer spend

by Ben Blaschke
Thu 21 Aug 2025 at 05:11

New Zealand’s SkyCity Entertainment Group has announced a series of balance sheet initiatives aimed at boosting liquidity and reducing leverage while it “navigates period of continued economic weakness” in the ANZ market. The NZ$240 million (US$140 million) equity raising, which...

Comtrade Gaming strengthens Brazilian presence with Betaki partnership

Comtrade Gaming strengthens Brazilian presence with Betaki partnership

by Newsdesk
Thu 21 Aug 2025 at 04:40

Comtrade Gaming, a leading iGaming platform provider, has announced its latest partnership with Betaki, a dynamic online sports betting platform in Brazil. The company said the collaboration marks a significant milestone as Betaki successfully migrates to Comtrade Gaming’s iCore platform....

Wynn Macau to invest MOP$16.5 billion in non-gaming projects over the next decade

Wynn Macau Ltd said to be “setting a progressive dividend policy” after maintaining dividend payout in 1H25

by Ben Blaschke
Wed 20 Aug 2025 at 21:28

Wynn Macau Ltd has surprised to the upside by declaring an interim dividend of HK$0.185 per share for 1H25 – on par with its 1H24 final dividend despite reporting a year-on-year decline in both operating revenues and profit. In a...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English