Macau Casino's shares falls against illegal gambling arrest.

[rodskee]

Illegally or legally gambling or gamblers will always find way to sustain their addiction meaning  at any chances either in china or in macau this will always sustain to happen.

and for all i care? talking about Chinese Government ? No way that i will care for them as they are hindering anything just for their own cause.

Mr. Chau is expanding his Sun Entertainment business but the Chinese government intervene in this act. The Chinese government stops the operation of the cross-border gambling criminal syndicate, How is this bad?

Seriously guys you need to visit at least Hongkong to see what China is. Don't believe the news you are hearing on TV made by the propaganda. You might wanna learn about China in this channel https://www.youtube.com/c/CyrusJanssen

That is the sad reality, that is why also i care for nothing in this news . because How chinese government runs their way to their people .

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[Smartprofit]

It all comes down to China not allowing gambling.

The money has to go somewhere and whether they like it or not, it is going to end up going through illegitimate routes if legal routes aren't available.

Not surprised though, draconian regulations have never proven to be effective.

In my opinion, it's all about the mentality of the Chinese. 

China is a very ancient state (existing for 5000 years), with a large population.  This population has always had to be governed.  Therefore, a tough cult of state power has formed in China.  All spheres of human activity are strictly regulated in China.  Including gambling.  It's very sad, but true. 

Therefore, the situation with Macau may repeat itself in other places.  At the same time, the Chinese, like all Asians, are very gambling people.  They will tend to continue to gamble in one way or another.  In the face of tight government control of the country's social life, the Chinese relieve stress by gambling. 

Therefore, we will read such stories many times.

[Wexnident]

I agree with OP's point, what's the point of banning something if in the end, illegal situations happen because of it? Might as well keep it under you where you could always keep an eye on it, ensuring that everything is under control and that it follows what you actually want. But well, it IS china after all. It isn't that odd for them to actually just use the iron hand when forcing what they want. As long as it makes sense for them, then they push on, if it doesn't, then it's not allowed, simple as that.

[Chato1977]

Good find from the chinese authorities and yes this will change the law or at least the tighten against gambling inside china and macau will be implemented.
but wait there are some news inside this issue that must be take a look first because the link shared above says differently in this matter.

[swogerino]

If they were caught that is great news,anything illegal stays illegal and people doing it will face consequences no matter in which context.However what I want to say here is that the more illegal one thing the more appealing it is.For example let's take heavy drugs like cocaine which is illegal and a lot of money comes from such business but if the world made it legal and showed the consequences of using it to people,this business would lose huge amount in value.Same principle applies to alcohol in certain countries.

[iv4n]

I agree with OP's point, what's the point of banning something if in the end, illegal situations happen because of it? Might as well keep it under you where you could always keep an eye on it, ensuring that everything is under control and that it follows what you actually want. But well, it IS china after all. It isn't that odd for them to actually just use the iron hand when forcing what they want. As long as it makes sense for them, then they push on, if it doesn't, then it's not allowed, simple as that.

The point is in control!

Chinese law is strange and the country is home to a huge population. As ForeignPolicy.com put it, China is a place “where no vice is legal, but every vice is tolerated.”

I believe the same can be said for many countries! So many vices are illegal, people do it anyway, but the government can tolerate it if that suits them, if not they have a weapon to remove you easily...
So what happened here is clear, some players are removed and new ones will arise! The money-making machine will not stop working for sure, there is a demand, and as long as there's a demand someone will provide, a question is only where the money is going!

[AicecreaME]

Police arrested 11 people regarding:
Money laundering
Illegal Cross border Gambling

Apparently A person was accused of running illegal Cross border Gambling ( Mr. Chau). The Gambling is illegal in China but legal in Macau.

Mr Chau is the chairman of Suncity Group Holdings. He is also the founder of Suncity - Macau's biggest "junket operator", which organises trips to Asian casinos for wealthy gamblers.

Shares in Suncity Group were suspended from trading on the Hong Kong Stock Exchange on Monday. The company did not immediately respond to a request for comment from the BBC.

Some of the city's biggest operators were also affected, with MGM China down 10%, Wynn Macau losing 8% and Sands China more than 6% lower.

It was all a part of cross border Gambling sindicate Where they had 12,000 gambling agents and 80,000 members all across China which goes to great lengths to show that even if the government bans such things at the end of the day people are gonna find a way and illegal activities are going to harm them more.

What do you think ?.
I think the Chinese authorities should change their ways for sure.

https://www.google.com/amp/s/www.bbc.com/news/business-59456143.amp

Gambling is declared illegal in China, hence everything that involves it has its designated punishment. It's just too bad that the Casino in Macau is entangled with such a chaotic mess that isn't supposed to be involved since as far as I know, Macau has its own governance outside China because it is an autonomous region. It's just funny how twisted the law and the government of China can be. After all the banning and declaring of most of the things that entertain and source of income of most people there, they have the audacity to perform an arrest outside their jurisdiction. People will just keep on looking for ways to make things possible on their end. In this case, they made cross-border gambling. VPN is one of the things they could do if the casino or site they are playing with doesn't include the use of VPN illegal in their terms of service.

I get it that they are just preventing bad things from happening such as money laundering and developing bad habits such as addiction, but they can combat that without actually banning gambling. Because after all, people will just keep on making another alternative to bypass and do what they want, illegally speaking. This just compromises the state and it doesn't even bring benefit to the country because they don't get to tax illegal activities.

[Ucy]

It was all a part of cross border Gambling sindicate Where they had 12,000 gambling agents and 80,000 members all across China which goes to great lengths to show that even if the government bans such things at the end of the day people are gonna find a way and illegal activities are going to harm them more.

What do you think ?.
The Chinese authorities should change their ways for sure.

Do you want the country to change its way to permit gambling (taking big risk)? The Chinese government probably knows what it's doing... If you want to run a betting businesses, make sure it's safe otherwise it could qualify as gambling. Gambling or gambling in bets should never be allowed. It's dangerous and irresponsible to allow it.
 By the way, there should never be legal gambling in the first place.. you could have legal Betting for safe betting businesses

Bet but don't gamble.

[btc78]

It was all a part of cross border Gambling sindicate Where they had 12,000 gambling agents and 80,000 members all across China which goes to great lengths to show that even if the government bans such things at the end of the day people are gonna find a way and illegal activities are going to harm them more.

What do you think ?.
The Chinese authorities should change their ways for sure.

Do you want the country to change its way to permit gambling (taking big risk)? The Chinese government probably knows what it's doing... If you want to run a betting businesses, make sure it's safe otherwise it could qualify as gambling. Gambling or gambling in bets should never be allowed. It's dangerous and irresponsible to allow it.
 By the way, there should never be legal gambling in the first place.. you could have legal Betting for safe betting businesses

Bet but don't gamble.

Here we are again. an account that promoting a gambling site but he is the one who is against gambling , hope your company will not be disappointed on how you are working here while they are paying you .

and What? Gambling is different from Betting? come one you are only making an excuse to sustain your Godly Image 


_______________________________________________________

China will never change their ways just that , but they will make sure that the law will be implemented .

[Cling18]

Police arrested 11 people regarding:
Money laundering
Illegal Cross border Gambling

Apparently A person was accused of running illegal Cross border Gambling ( Mr. Chau). The Gambling is illegal in China but legal in Macau.

Mr Chau is the chairman of Suncity Group Holdings. He is also the founder of Suncity - Macau's biggest "junket operator", which organises trips to Asian casinos for wealthy gamblers.

Shares in Suncity Group were suspended from trading on the Hong Kong Stock Exchange on Monday. The company did not immediately respond to a request for comment from the BBC.

Some of the city's biggest operators were also affected, with MGM China down 10%, Wynn Macau losing 8% and Sands China more than 6% lower.

It was all a part of cross border Gambling sindicate Where they had 12,000 gambling agents and 80,000 members all across China which goes to great lengths to show that even if the government bans such things at the end of the day people are gonna find a way and illegal activities are going to harm them more.

What do you think ?.
I think the Chinese authorities should change their ways for sure.

https://www.google.com/amp/s/www.bbc.com/news/business-59456143.amp

The more they implement gambling restrictions in China, the more gamblers would find ways to play. China has a huge number of players and even the law couldn't stop them from gambling. I guess it would be better if China would consider gambling legality in their country as long as they would control things well. It will still be beneficial for the country as well.

[arwin100]

Police arrested 11 people regarding:
Money laundering
Illegal Cross border Gambling

Apparently A person was accused of running illegal Cross border Gambling ( Mr. Chau). The Gambling is illegal in China but legal in Macau.

Mr Chau is the chairman of Suncity Group Holdings. He is also the founder of Suncity - Macau's biggest "junket operator", which organises trips to Asian casinos for wealthy gamblers.

Shares in Suncity Group were suspended from trading on the Hong Kong Stock Exchange on Monday. The company did not immediately respond to a request for comment from the BBC.

Some of the city's biggest operators were also affected, with MGM China down 10%, Wynn Macau losing 8% and Sands China more than 6% lower.

It was all a part of cross border Gambling sindicate Where they had 12,000 gambling agents and 80,000 members all across China which goes to great lengths to show that even if the government bans such things at the end of the day people are gonna find a way and illegal activities are going to harm them more.

What do you think ?.
I think the Chinese authorities should change their ways for sure.

https://www.google.com/amp/s/www.bbc.com/news/business-59456143.amp

The more they implement gambling restrictions in China, the more gamblers would find ways to play. China has a huge number of players and even the law couldn't stop them from gambling. I guess it would be better if China would consider gambling legality in their country as long as they would control things well. It will still be beneficial for the country as well.

There citizens will do that if they didn't see any hard implementation towards the law they impose but if there's a huge penalties towards this kind of activities for sure we can see the number slowly decrease. But if they want to take advantage on the industry I think its good if the casino owners will pay casino since it can help their economy in some ways but I don't think their government need this as they are already rich country which doesn't rely on small things.

[dimonstration]

The more they implement gambling restrictions in China, the more gamblers would find ways to play. China has a huge number of players and even the law couldn't stop them from gambling. I guess it would be better if China would consider gambling legality in their country as long as they would control things well. It will still be beneficial for the country as well.

If they will legalize it , they might as well legalize crypto in their country. Same with having a assign system for them to control the transactions. We know how good they are in finding ways to still use crypto and do gambling without the authorities finding them. Legalizing it will be a big move so they need to be prepare. there is a need to weight the cons of making too many gamblers addicted on it and pros getting tax from it, but it's quite hard now to stop gambling anywhere it can happen in casino, online or simple at home.

[madnessteat]

^

Mining in China was banned precisely because of the inability to control cryptocurrency activity. In my opinion, we should not expect the legalization of cryptocurrencies and gambling in China in the near future, because the Chinese government very rarely changes its decisions.

[Lucasgabd]

<..>

The more they implement gambling restrictions in China, the more gamblers would find ways to play. China has a huge number of players and even the law couldn't stop them from gambling. I guess it would be better if China would consider gambling legality in their country as long as they would control things well. It will still be beneficial for the country as well.

systems of control start by controlling thoughts and then move to behavior and actions
but it starts with the idea, not with the body
you don't need to control bodies if the ideas are already conforming
this goes deep

so, maybe even if they have no way to keep people away from gambling, taking down the restriction could be like admitting weakness,  a thing they won't do.

take this with a grain of salt since I'm not the biggest specialist into China's politics.

[Quidat]

Illegal things will keep on happening! There's no way to stop it!

There's no way of stopping it because there would be people who would really be finding out ways or methods for them to deal up various things that they do have in mind specially in gambling because not all counties is open when it comes to gambling and there are people who do really badly likes to play on which they dont have any options but rather going into those possible ways or methods like crossing a country or would make use of VPN if we do talk about online gambling which it isnt surprising that people do end up on this option or method.
Is this something surprising? No its not.

Certain casino's doesn't allowed the usage of VPN so if this will be implemented to all casino then provably this kind of activity will be stop especially if the person who attempt to do it is residing on a country which ban online casinos and there's no way they can access it in that case and if they push to use VPN then provably they will get compromised and been ask something verification by casino and for that they will be traced.

But that would required extra effort on casinos part yet tracing every users possible change of address would really require some workforce
which i  could say that it wont really be simple.
Banning VPN could always be possible depending on jurisdiction but saying that removing VPN business then it cant just be possible.
It would be still a long debate or process to take before it could happen or wouldnt really happen at all.

[Fesatmas]

For some reason, China is still China with a crazy government character. authoritarian and do not allow anything to flow beyond their control. The interests of the state are above all, even though they have to sacrifice something that has an important role in the progress of the economic improvement industry. The fact is that if there is no license from the government then all are considered common enemies. Wouldn't the policies made by China only lead to resistance, as was the case. The more they fight the casino, eventually the people behind the casino put up a lot of resistance and behind-the-scenes activities to survive.