Corruption Clampdown Not The Main Reason For Macau's Decline

Top local official says there have been few corruption defendants visiting Macau, and that he has heard nothing that suggests further measures by the mainland government are imminent

The popular analyst view that Macau's plunging gambling revenues are mainly a consequence of a clampdown on corruption by the mainland government, allied to slowing economic growth, has been disputed by the director of the government liaison office in Macau, Li Gang.

The senior official pointed out to local media this week that very few mainland officials convicted of corruption had gambled in Macau, and said he had no knowledge to support media speculation that the mainland government is to tighten the anti-corruption screws still further, or for that matter is planning to investigate big-spending mainland residents.

Li Gang used the media opportunity to again suggest that Macau needs to diversify its economy by involvement in other industries, and ensure it enjoys an orderly and healthy development in the gambling industry…and he suggested that this is best achieved by further regulation.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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