Chinese authorities have arrested 450 suspects in 2016 as they continue their fight against the illegal transfer of money out of the country.
According to a report by Bloomberg, the suspects are believed to have transferred a massive US$30 billion using underground banks that skirt the government’s radars.
Goldman Sachs analysts estimate US$8.3 billion exited China in July, up from US$7.4 billion in June. They have previously been as high as US$28 billion last December.
The crackdown is one of a number of factors that have impacted upon Macau’s gross gaming revenue in recent years.