Bill Bishop, o editor do Sinocism, considera a recente queda do “rei da festa” de Macau, Alvin Chau, CEO da Suncity, como o possível início de uma “nova era” naquele território, uma era sem jogo, pois talvez Xi Jinping tenha decidido que não há lugar para o jogo numa moderna China comunista… Uma decisão com custos brutais para Macau, conclui Bill Bishop.
Fall of Macau junket king
Bill Bishop | Sinocism | Nov 29, 2021
Macau: The arrest of Suncity CEO Alvin Chau is fascinating… Perhaps Xi believes there should be no gambling in the New Era, even at massive costs to Macau.
It is starting to feel like winter here at Sinocism HQ. Among the things on my radar today:
The arrest of Suncity CEO Alvin Chau is fascinating. Perhaps it is simply related to his business enticing gamblers inside China and facilitating capital flight, but given his junket business and the rich and politically powerful who have used it he must know a lot that could be useful.
Perhaps Xi believes there should be no gambling in the New Era, even at massive costs to Macau. He has already shown a willingness to destroy other industries like tutoring, at the costs of tens of thousands of jobs and tens of billions of equity value.
What if Xi has decided there is now no room in a modern Socialist China for gambling, that gambling is inimical to the achievement of Common Prosperity, and so will push crackdowns on it with much more rigor than any of his predecessors?
How far down could the downside for Macau's gaming sector really be?
https://sinocism.com/p/covid-fall-of-macau-junket-king-china
Fall of Macau junket king
Bill Bishop | Sinocism | Nov 29, 2021
Macau: The arrest of Suncity CEO Alvin Chau is fascinating… Perhaps Xi believes there should be no gambling in the New Era, even at massive costs to Macau.
It is starting to feel like winter here at Sinocism HQ. Among the things on my radar today:
The arrest of Suncity CEO Alvin Chau is fascinating. Perhaps it is simply related to his business enticing gamblers inside China and facilitating capital flight, but given his junket business and the rich and politically powerful who have used it he must know a lot that could be useful.
Perhaps Xi believes there should be no gambling in the New Era, even at massive costs to Macau. He has already shown a willingness to destroy other industries like tutoring, at the costs of tens of thousands of jobs and tens of billions of equity value.
What if Xi has decided there is now no room in a modern Socialist China for gambling, that gambling is inimical to the achievement of Common Prosperity, and so will push crackdowns on it with much more rigor than any of his predecessors?
How far down could the downside for Macau's gaming sector really be?
https://sinocism.com/p/covid-fall-of-macau-junket-king-china
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