Let's talk about the handling fees of horse washing and contract exchanges in Macau.

The gambling halls in Macau are contracted by the casino to professional gambling companies and are operated for high-rollers. Generally, the bets are more than HK$2,000, and the maximum bet limit is 2 million. For example: Sands' VIP halls include Hong Kong Hall, Guangdong Hall, Zhejiang Hall, Hongyun Hall, etc., which are all contracted to different gambling groups. Some of these gambling groups are listed companies in Hong Kong, some are "gangsters" in Hong Kong, Macau and Taiwan, and some are financial groups composed of several bosses.

The biggest feature of the VIP halls in Macau is that they basically provide "code washing". The first thing that guests get in the VIP hall is the "mud code", which cannot be returned for cash. The code is the code won by betting on the mud code. This model gave birth to the code-washing industry. Code-washing brokers lend money to customers to buy mud codes, and the casino provides the code-washing amount. Lend money to customers to buy mud codes, and the casino provides the code-washing broker with a rebate of the code-washing amount, commonly known as "code grain". Generally, the code grain is 0.8%-1.2% of the code-washing amount, depending on different VIP rooms.

As for code-washing brokers, they have to bear the risk of lending money to customers, but as a professional code-washer, even if there are risks, the income is still considerable. When customers win money, the principal of 1 million is often earned back through code grain in one or two months. (The rebate of cryptocurrency exchanges is the same)

Legally speaking, these VIP rooms are operated in accordance with the law in Macau. Because Macau's gambling industry is very developed today, there are many wealthy and powerful high-ranking customers, and gold is everywhere. They don't bother to do things that cheat, coercion and inducement, and they can make a lot of money by operating legally. They can operate in a corporate and group-based standardized manner.

However, since the clay codes signed to guests in the VIP rooms of Macau are all loans for large amounts of gambling money, the "logistics" work after these loans - involving gambling fund transactions, is illegal in China. #WBTC #TON #交易手续费 #返佣 #加密市场反弹

In comparison, the advantages of collecting payments. Therefore, the rise of the cryptocurrency market has taken away all the gray disadvantages, and Macau pales in comparison.