The rise of Cambodia as a junket destination

[geovalin]

Ayanna Runcie

Amid a crackdown on gambling in China, the Kingdom is becoming increasingly attractive for travelling gamblers

Cambodia’s gaming industry is increasingly seeking to attract Chinese gamblers via junket groups arranged in partnerships with local casinos and travel agencies from abroad.

Despite questions as to how much gamblers contribute to the tourism industry, casinos and junket providers alike argue that their operations draw a large inflow of international visitors.

According to the director of Global Betting and Gaming Consultants in the UK, Lorien Pilling, China places restrictions on gambling and prohibits its citizens from taking large sums of money out of the country.

read more: http://www.phnompenhpost.com/post-weekend/rise-cambodia-junket-destination

[chingmai331]

Right. These chinese junkets to Macau have been very obvious money laundering road trips, using agents of some kind to collect funds in china, then the agent unloads to funds back to the original owner once out of the mainland. And most of the money is connected to official corruption by the 'cadres'. Naturally they want out of china and with plenty of cash.

Cambodia welcomes such wealthy criminals.

[Srikcir]

Can't Chinese use atm's out of the country?

[kerrysum]

Right. These chinese junkets to Macau have been very obvious money laundering road trips, using agents of some kind to collect funds in china, then the agent unloads to funds back to the original owner once out of the mainland. And most of the money is connected to official corruption by the 'cadres'. Naturally they want out of china and with plenty of cash.

Cambodia welcomes such wealthy criminals.

So long as they play the game.... So should we just agree on the word corruption? Every nation has it.....

[Deli]

Right. These chinese junkets to Macau have been very obvious money laundering road trips, using agents of some kind to collect funds in china, then the agent unloads to funds back to the original owner once out of the mainland. And most of the money is connected to official corruption by the 'cadres'. Naturally they want out of china and with plenty of cash.

Cambodia welcomes such wealthy criminals.

And I would welcome them, too. Otherwise someone else takes the business. Smart move of Cambodia.