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The crackdown comes as China aims to increase oversight of how citizens get funds out of the country and into casino markets like Macau. "Junkets have long operated in the shadows as conduits for illicit money flows from China," said gambling industry expert Jasmine Tan. "Regulators want to shed more sunlight on their activities." NBA, NFL and MLB live betting, Rather than endlessly squeezing in new slot machines, casinos are now repurposing space for lounge areas, concert venues, spas, and fitness centers. Diversifying amenities and emphasizing luxury experiences aims to maintain property revenue even as gambling shrinks onsite.
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Washington, DC - This week Senators introduced bipartisan legislation aimed at strengthening consumer protections and oversight of the gambling industry. The proposed Internet Gambling Regulation and Enforcement Act would create a new regulatory body to monitor online casinos, sportsbooks and daily fantasy sports sites. Online Casino Live, Casino Self-Exclusion 101: A Beginner's Guide
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