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Chinas digital yuan to benefit Macau casinos, boost mass and premium mass- Bernstein – IAG

Source: asgam.com asgam.com
News Snapshot:

The planned introduction by China of an official, government-backed digital yuan by 2024 shapes as a broad positive for Macau’s casino industry and could prove particularly beneficial for the high margin mass and premium mass segments. According to a lengthy research note published by brokerage Sanford C Bernstein on Friday, China’s Digital RMB – developed in conjunction with the People’s Bank of China – has the potential to be a game-changer for Macau by overhauling entire payment systems, reducing reliance on payment apps such as WeChatPay and Alipay and potentially even replacing the pataca as Macau’s main currency. While all…

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