Gambling in the great chinese territory of #1 revenue producing Macau.
https://www.forbes.com/sites/jimdobson/2020/03/22/las-vegas-is-closed-but-casinos-in-macau-china-have-reopened-pandemic-wary-gamblers-are-now-offered-cash-cards-to-show-up/#2f1f1dd25cfa
And just seven months ago let's not forget about Lawrence who everyone believes is sitting in for his farther Stanley.
"But while the focus of the media has largely been on lurid tales involving sex, drugs and illegal wombat shooting, the inquiry will also look into Packer's attempt to sell much of his stake in Crown to the Melco Resorts empire controlled by his friend and former business partner, Hong Kong casino billionaire Lawrence Ho, for about $1.75bn."
https://www.theguardian.com/australia-news/2019/aug/10/crown-to-foot-bill-as
And if you don't know who Stanley Ho is, it is an interesting read. The casino Control Commission spent years keeping the MGM chain out of Atlantic City because of Stanley Ho's daughter's involvement in MGM. If nothing else, than you read about Stanley's, 17 or so children with a few wives, yes Stanley was busy.
https://en.m.wikipedia.org/wiki/Stanley_Ho
Just a little background and if you want to understand China and Macau's relationship you have to understand the gamblers and being able to legally gamble in Macau, where they come from and who they are.
This article explains some of it and then you will see who the group of vip bac players are and why they switched up going to Australia. Who knows what's going to happen after C19?
https://www.reuters.com/article/us-macau-corruption/top-official-in-casino-hub-of-macau-jailed-for-21-years-in-graft-case-idUSKBN19Z0TL
And why the revenue of Macau was drastically dropping, this will give you a little background and what I was referring to.
https://thediplomat.com/2019/08/what-are-chinas-high-rollers-doing-in-australia/
Quote from: alrelax on April 12, 2020, 12:24:31 PM
And if you don't know who Stanley Ho is, it is an interesting read. The casino Control Commission spent years keeping the MGM chain out of Atlantic City because of Stanley Ho's daughter's involvement in MGM. If nothing else, than you read about Stanley's, 17 or so children with a few wives, yes Stanley was busy.
https://en.m.wikipedia.org/wiki/Stanley_Ho
hahaha this was the first thing that came into my head about Stanley. i remember i was overseas, in Asia and saw a cable documentary featuring Ho's history and family. yeah, was surprised - both how big his family and wealth are.