The new legislation will target the casino industry through anti-money laundering laws, and will likely limit “cover-up transactions” in casinos totaling $3,200.
The average total of Macau casinos is about $62,600, and the U.S. State Department has been continuously pressing Macau to reduce its limits and report transactions above $3,000 according to international standards. The casino industry in the Philippines benefited from the decline of the Macau casino industry, but the growth led to an increase in […]