The newspaper South China Morning Post precipitated a wide decline in land casino stock prices Thursday when it reported that China is imposing a drastic cut in UnionPay ATM daily withdrawal limits in Macau. However there was some recovery after UnionPay International said its overseas withdrawal limits were unchanged. The Reuters news agency reported stocks …
Moves to beef up supervision of the use of China UnionPay cards in Macau pawn shops – long believed to be a workaround on China’s stringent currency controls by gamblers – could prove to be another blow to the struggling gambling island, say industry observers. The Macau Monetary Authority has just confirmed that it is …