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Under the old rules, there was an ATM annual withdrawal cap of CNY100,000 per bank card, but no protocols to stop people having multiple cards attached to a single account or multiple accounts with different banks. In the past, China’s regulatory definition of “overseas” transactions has included ones performed in Macau. But the casino boss said any negative effects could be mitigated by an increase during 2018 in overall visitor numbers to the city.Ĭhina’s State Administration of Foreign Exchange announced on Saturday that from January 1 mainland Chinese would be restricted to an annual CNY100,000- (US$15,366-) limit per person for cash withdrawals when using overseas automated teller machines (ATMs). So said on Tuesday Angela Leong On Kei (pictured), an executive director of Macau casino operator SJM Holdings Ltd. Newly-announced rules from Beijing regarding an annual limiton the aggregate amount of cash people can withdraw from their mainland Chinese bank accounts while overseas could have some “impact” on Macau’s gaming business. Newsdesk Latest News, Macau, Top of the deck China’s ATM cash ruling to hit casinos: SJM exec Daily visits were off 18% from last year and 31% from final six months of 2015, before royal mourning began. But Donaco and Sukjaroenkraisri were unable to agree on extending the deal, so Donaco took over management of the property, now branded DNA Star Vegas, and found the going rough.įor the first half of Donaco’s 2017-18 fiscal year, gross gaming revenue fell 41% and total revenue fell 31%. He delivered on this promise, despite the death of Thailand’s King in October 2016 and the 12 month mourning period that followed. 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