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Macau Monetary Authority Watching China UnionPay cards Usage

Monday December 14,2015 : CHINA'S CLOSER SUPERVISION OF UNIONPAY COULD HAVE CONSEQUENCES
 
Macau Monetary Authority confirms it will be watching pawn shop transactions closely.
 
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 to boost supervision on the cards in line with mainland government directions, focusing on real-time monitoring of mainland bank cards at high-risk merchants, with the first phase targeting merchants near casinos, which are mainly jewellery and watch shops.
 
“The real-time monitoring system will be extended to other high-risk merchants selling high-value products in the second phase,” a spokesman for the Authority said, revealing that the monitoring system has been designed "...to verify the genuine relationship between card holder and the bank card in the process of acquiring goods or services in order to protect the lawful rights and interests of cardholders, merchants and banks.”
 
The MMA has additionally requested Macau banks to implement more thorough due diligence, ongoing monitoring and better training for merchants, along with the regular submission of information on high-risk merchants and timely notifications regarding suspicious transactions.
 
The mass and premium mass market in Macau is expected to be mainly impacted by the crackdown, impairing the access of cash through local pawn shops, several analysts predicted.

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Gambling News :

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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