logo
 
?

остров казино китай

SAIPAN (Reuters) - For evidence of the odds stacked against China’s battle to stop the flight of cash battering its currency and draining its reserves, look no further than the tiny Pacific island of Saipan, which has hit the jackpot with a flood of Chinese money at its new casino.

Thousands of miles from the Chinese mainland, the U.

S.-administered island of 50,000 people is festooned with signs written in Chinese and stuffed with Chinese supermarkets, restaurants and karaoke parlors serving the 200,000 Chinese visitors that arrived this year.

Private jets bring big spenders so free with their cash - and $100 million credit lines - that the modest Best Sunshine casino, owned by Hong-Kong listed Imperial Pacific (), wildly outperforms the top casinos in Macau, the world’s biggest gambling hub.

Best Sunshine’s 16 VIP tables can turn over $3.9 billion a month, while the world’s biggest, the Venetian Macao, manages about $2.5 billion per month on 102 VIP tables, and the MGM around $2.9 billion on 161.

“Never have I dealt with so much money in 36 years in casinos,” said one executive working in the casino, who could not be named due to company policy.

Back in Beijing, policymakers are trying to keep that money on the mainland.

Capital outflows, both legal and illegal, have dragged the yuan to eight-year lows this year, prompting China to eat through more than a fifth of its foreign currency reserves since mid-2014 and impose a series of measures to stem the outflows.

Such measures, plus an anti-corruption crackdown that began in early 2014, has dealt a blow to Macau, the self-governing Chinese territory linked by a thread to the mainland province of Guangdong.

Macau’s gaming revenues have more than halved since then, as high rollers from the mainland gave it a wide berth.

But whacking the mole in Macau has made it pop up elsewhere, where China’s writ doesn’t run; in Saipan, the Philippines, Cambodia and Australia.

Manila’s Solaire casino registered a 61 percent increase in VIP turnover in the third quarter, while the number of junket operators bringing in foreign high rollers has more than doubled. Naga Corp () in October for “gambling offences”, and arresting South Korean casino managers last year for “enticing” Chinese to gamble overseas.