Report
Chelsey Tam
EUR 147.86 For Business Accounts Only

Withdrawal Limit Cut Per Transaction Immaterial for Macau Gaming; Capital Outflow Control Risks Rise

In our view, the government’s cut of the withdrawal limit to MOP 5,000 from MOP 10,000 (to USD 626 from USD 1252) per transaction in Macau effective Saturday Dec. 10 will have insignificant impact as players can withdraw cash multiple times per day to skirt the new rule. UnionPay’s daily and annual withdrawal limit continues to be CNY 10,000 and CNY 100,000, respectively. High-end players most commonly pay commissions to pawnshops to withdraw cash in Macau, or they use underground banks to wire ...
Underlying
MGM China Holdings Limited

MGM China Holdings is an investment holding company. Through its subsidiaries, Co. is engaged in the development and operation of casino games of chance and other casino games and the related hotel and resort facilities in Macau. Co. operates in one business segment, being the management of casino, hotel and food and beverage operations.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chelsey Tam

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