China\u2019s recent decision to impose stricter rules on its citizens regarding gambling abroad may not have that big an impact on the CNMI.<\/p>\n
According to Lt. Gov. Ralph DLG. Torres, the gaming industry plays only a small part in the various integrated resort projects that are set to be established on the island.<\/p>\n
Torres, in an email interview, said these integrated resorts also \u201coffers visitors world class accommodations, the beautiful scenery of our island, and complementary industries like restaurants and golf courses.\u201d<\/p>\n
\u201cI think the total product we offer to visitors around the world is improving and will prove to make us competitive, not only to gamers, but to a wide spectrum of markets that include families,\u201d Torres said.<\/p>\n
Business Insider reported that President Xi Jinping \u201chas officially declared war on the global gambling industry, warning foreign casinos that Chinese citizens will be gambling much less in China, neighboring countries, and the U.S.\u201d<\/p>\n
The stern warning from the Chinese leader is a continuation of China\u2019s efforts to curb widespread corruption and gambling among its citizens.<\/p>\n
The Business Insider report said one of the steps that the Xi government will be taking is \u201cto cut down on advertisements promoting casinos in Macau.\u201d<\/p>\n
\u201cVisa restrictions will also tighten, and even retail gamblers will have their money tracked as the Chinese government will also monitor UnionPay, the only domestic bank card in mainland China,\u201d the report said.<\/p>\n
Macau, the Philippines, and Singapore, among others, are expected to feel the impact of the crackdown of the Chinese government on gambling.<\/p>\n
Macau\u2019s gaming industry, particularly, has felt most of the blow of China\u2019s crackdown.<\/p>\n
Torres said, though, that \u201cChina\u2019s continued efforts to curtail widespread corruption and responsibly manage their gaming operations is not at odds with the development goals of the CNMI.\u201d<\/p>\n
\u201cEfforts to ensure that the gaming industry is clean and without corruption or organized crime is what may see an overall financial effect to our industry here, but if we look at the non-monetary side of the equation, I believe we will benefit in the longer term,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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