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  1. #1
    The Buzz's Avatar
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    Default Macau considering online gambling

    The Macau Gaming Inspection and Coordination Bureau (DICJ) has confirmed it is "studying the possibility" of legalizing online gambling, but raised concerns over its potential use for money laundering.

    From Focus Gaming News:

    Adriano Ho, director of the Gaming Inspection and Coordination Bureau (DICJ) confirmed the study was ongoing in a written answer to the legislator Jose Pereira Coutinho, who inquired about using online gaming opportunity to increase tax revenue while the travel restrictions remain in place.

    Tax collection on gross gaming revenue in October was down 74 per cent year-on-year, after six months at more than 90 per cent below 2019 levels.

    The Philippines has begun allowing major operators to take online bets from known Philippine patrons. The move aims to aid casinos’ finances after the massive drop in revenues due to the pandemic, but also to boost tax collection.

    In Macau, a similar system wouldn’t be of such interest for casinos if they are not allowed to take bets from high rollers in mainland China, which is currently aiming to restrict outflows of cash.

    Nonetheless, the DICJ director said that legislating to allow online gambling could increase gaming revenues but that there were concerns it could be a risk for money laundering and for problem gambling. Ho said the government had to conduct “careful studies, which are still on-going.”
    Read more here: https://focusgn.com/asia-pacific/mac...nline-gambling
    Last edited by The Buzz; 20 November 2020 at 10:43 am.

  2. #2
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    Default

    Yes Curacao tightening up the restrictions.. convenient

  3. #3
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    Money laundering exist in almost every industry..

  4. #4
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    That's great news for the industry, look forward to see the outcome.
    Take a poke at our leading Australian Pokies Partner Program!

    Regards,
    Jay
    Pokie Partners Acquisition & Affiliate Manager
    PokiePartners.com | PokiePlace.com

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