Sunday, May 22, 2022

New ATM measures won’t have impact: SJM boss


SJM chief Dr. Ambrose So isn’t convinced that the new ATM withdrawal regulations will have an impact on the gaming sector, local media reports.

Last weekend, the government announced it was planning to implement new security features at ATMs near casinos which would require holders of China UnionPay cards to scan their identity cards, and undergo facial scanning when making withdrawals at ATMs.

While the government did not specify when the new tech will be in place, it was clear the measures are aimed at curbing illegal cash flows out from Mainland China.

“The government spares no effort to implement anti-money laundering and anti-terrorism rules,” said the government in a statement.

However, Mr. So said the new measures will have limited impact on the sector as junket operators “don’t usually use cards,” he said, quoted by local broadcaster TDM.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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