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The crackdown comes as China aims to increase oversight of how citizens get funds out of the country and into casino markets like Macau. "Junkets have long operated in the shadows as conduits for illicit money flows from China," said gambling industry expert Jasmine Tan. "Regulators want to shed more sunlight on their activities." live sports betting, With around 33 states now offering either retail or online sports betting, Americans have never had easier access to wagering on their favorite teams. Experts expect the continued momentum to produce over billion in sports bets this year, almost double 2020 levels.
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