Quote by James Chanos

The Macau casinos have a wonderful business, it's taking in money from Chinese businessmen elsewhere who send it through junky companies to casinos to gamble. The growth continues and they have basically western managers and western accounting, so we trust the numbers a little bit more.

The Macau casinos have a wonderful business, it's taking in

Summary

This quote reflects on the success of Macau's casinos and attributes it to the influx of money from Chinese businessmen who send their funds through less legitimate means to gamble. The growth of this industry is seen as reliable due to the involvement of western managers and accounting practices, which instills more trust in the reported numbers. Overall, the quote highlights the unique business model of Macau's casinos and the factors contributing to their thriving success.

Topics

Trust

By James Chanos

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