By Christine Duhaime, B.A., J.D., Gaming Attorney & Certified Anti-Money Laundering SpecialistFollow @cduhaime As China's first casino, albeit a cashless one, opens gaming executives and service providers around the world are watching to see if it will result in the introduction of real gambling in the country. Jesters Casino Bar, part of the new Mangrove Tree Resort World on Sanya Bay on Hainan Island, China, is the first approved form of gambling in China outside of Macau. Gamblers can gamble with real money but cannot win cash - instead they win point redeemable for goods and services at the Mangrove Tree Resort.
Casino watchers expect that within a year or two, the Chinese government will allow real money payouts at this location and many others. If gambling is legalized in China, the government and service providers stand to earn billion and billions of revenues a year.
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