Macao should brace for fight against graft

According to reports, officials from the Ministry of Public Security will arrive in the Macao Special Administrative Region at the invitation of the local financial administration, possibly to help the local authorities further regulate the gambling industry. This pillar industry of Macao's economy is considered one of the main channels corrupt mainland officials use to launder their illicit money. Comments:

The gambling industry of Macao used to rely heavily on corrupt officials from the Chinese mainland, who gambled with large amounts of money obtained as bribes or by embezzlement. Thus, with the anti-corruption campaign continuing in the mainland, the industry already shows hints of withering and might further decline, which in turn will affect the local economy. It is wiser for Macao to adjust its economic structure and get used to the new situation because rampant corruption will never return to the Chinese mainland.

Beijing News, Jan 21