China is stepping up a crackdown on gambling activity by its citizens offshore, threatening what has become a lucrative industry for gaming operators in the Philippines.
China’s embassy in Manila put out a strongly worded statement Thursday, saying casinos in the Southeast Asian nation are targeting its citizens, and that any form of gambling by Chinese people in overseas casinos – including online and via phone – is illegal.
The gaming regulator in Macau, the only place in China where casinos are legal, has also forbidden junket operators licensed there from using the territory as a settling platform for gambling services provided elsewhere, according to people familiar with the matter. The demand comes largely from two types of activity. In online gambling, small-time bettors wager as little as 10 yuan each time while watching live streams of the proceedings on their smart phones. Then there is proxy betting, its richer, better-dressed cousin, where high rollers communicate with staffers wearing headsets at baccarat tables in offshore casinos. Proxy betting now accounts for 40 percent of the $1 billion VIP gaming market in the Philippines, according to brokerage CICC.
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