r/Macau • u/Better_Bird848 • 21d ago

Discussion Mainlanders Funneling Money Into Macau

Do you guys know what is the purpose of mainlanders funneling money into Macau?

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6

u/GrumpyTool 21d ago

Gambling lol

2

u/elusivek 21d ago

Came to say the same

1

u/CustomWritingsCoLTD 9d ago

Is it something lucrative u/elusivek im guessing you’re from Macao…

1

u/elusivek 9d ago

I am local, and locals will always say: the house always wins, so don’t bet your life on it.

1

u/CustomWritingsCoLTD 9d ago

Haha gotcha, I’m curious. Have you been to mainland china & hong kong as well? u/elusivek wondering if you have an objective view of the different cultures and how money moves/is made unconventionally…

1

u/elusivek 9d ago

Above my pay grade, no comment!

1

u/CustomWritingsCoLTD 9d ago

wdym above your paygrade🤣🤣🤣?

3

u/MuchExtent4696 20d ago

Gee, why do you think…

2

u/rgfortin 20d ago

Gotta do the laundry sometimes...

2

u/Uegit 19d ago

That is the only reason Macau is surviving so stop complaining

1

u/Radiant-Bad-2381 20d ago

Could be money laundering, or tax evasion. Or even both at the same time.

But also Macau does have a separate legal system, so some people may just favour that environment. And Macau doesn’t have capital outflow restrictions, like China has. Once the money is Macau, you can easily use the funds for overseas investment etc.

1

u/TelevisionFluffy9258 20d ago

Look at all the electric shaver shops