The concerns centre on a casino “resort entertainment” voucher programme which gives UnionPay card holders access to gaming chips. Photo: Reuters
Singapore casino at risk of Beijing crackdown over capital flight through potential misuse of UnionPay network
Potential misuse of banking network and the violation of China’s currency controls could well lead to Beijing extending its action over capital flight
Topic |
China economy
The concerns centre on a casino “resort entertainment” voucher programme which gives UnionPay card holders access to gaming chips. Photo: Reuters