Over the past year China has embarked on the some of the most aggressive regulatory crackdowns we've seen in modern times. It started off with the real estate, technology, and private education sectors. President Xi is cracking down on private sector excesses fr his common prosperity agenda and to consolidate the Communist Party's power. In recent months he's set his sights on a new target, the gambling hub of Macau. This past December, Macau gambling mogul Alvin Chau was arrested for illegal cross-border and online gambling operation. This recent arrest calls into question whether Beijing will tolerate Macau being the country's gambling hub.
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