Macau authorities have urged retailers to stop installing point-of-sale (POS) terminals backed by UnionPay inside casinos, Ming Pao Daily reported Thursday, citing Secretary for Economy and Finance Francis Tam Pak Yuen.
Shops selling jewelry and luxury watches in casinos will be prohibited from increasing POS terminals from July 1, the report said.
After three to four months, the government will review the regulation and consider reducing the number of UnionPay terminals in casinos. It does not rule out the possibility of imposing a total ban on such machines.
Tam, however, clarified that the government never asked jewelry or watch retailers to stop operations or move out of the casinos, as earlier reported by local media.
Chinese nationals, who are only allowed to take up to 20,000 yuan (US$3,252) out of China, often circumvent the limit by buying expensive items from luxury stores using their UnionPay cards, and then selling them for cash.
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