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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.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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