Run out of Cambodia,China has plans for casinos in Burma

Yeah, that place out 'there'. Anything not really Cambodia related should go here.
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phuketrichard
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Run out of Cambodia,China has plans for casinos in Burma

Post by phuketrichard » Fri Jul 31, 2020 5:05 pm

an amazing insight into the world of $$$$ & Crime

Myanmar’s Casino Cities: The Role of China and Transnational Criminal Networks
Seeking to profit from China's lucrative but illegal gambling market, a shady web of actors has begun building resort cities in Myanmar’s Karen State to cater to Chinese gamblers. This report casts light on the actors behind Myanmar’s illegal gambling sector, their linkages to Chinese government entities and to Myanmar's armed groups and military, and how their actions could upend Myanmar’s prospects for peace.

Summary

Complex transnational networks of Chinese investors, forced out of Cambodia for illegal gambling activity, are relocating to Karen State to build three megacities as a hub for casinos. They use partnerships with local armed groups, operating under the authority of the national army, to gain access to land, offering in return a share of the profits.

The Myanmar government has yet to license casinos, meaning this sector remains illegal. Investors have ignored government approval processes, however, and moved rapidly during the COVID-19 pandemic to build facilities to house illegal gambling.

To circumvent Chinese laws against gambling, ethnic Chinese with citizenship in other countries spearhead these projects. Of concern to Beijing, they have co-opted Chinese government institutions and agencies to present their activities as central to China’s Belt and Road Initiative.

These megacities flagrantly undermine Myanmar’s efforts to advance reforms serving the national interest, and Naypyitaw is responding with establishment of a commission to investigate them.

This kind of investment threatens to reverse recent gains made by decades of U.S. assistance supporting democratic reform in Myanmar, and merits strong American support for efforts to control it.

The full report

https://www.usip.org/sites/default/file ... rks-sr.pdf

and this one as well;

Myanmar: Casino Cities Run on Blockchain Threaten Nation’s Sovereignty
In enclaves beyond the reach of Myanmar law, digital technology helps entrench transnational networks in areas controlled by armed groups.

In the case of Building Cities Beyond Blockchain’s (BCB Blockchain) ledgers in Yatai New City, however, it appears that the parties cut out of transactions aren’t middlemen but rather the Myanmar authorities. As it gears up to operate on blockchain technology, Yatai New City—a $15 billion gambling-centered project under construction on the Thai border—seems primed to operate outside of Myanmar law. BCB Blockchain is central to the plan, one that implicates transnational crime networks and involves murky elements in the People’s Republic of China.
https://www.usip.org/publications/2020/ ... overeignty
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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