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China – Proposals to limit Macau ATMs would hamper mass market growth

New daily limits on how much can be withdrawn from ATMs in Macau by China UnionPay customers will be clarified later on today. Analysts believe the mass market will be severely affected by proposals to half the daily withdrawal limit from 10,000 to 5,000 patacas (US $1,250 to $626). Macau operators saw their shares fall…