Wednesday, October 16, 2024

Macau gaming faces regulatory uncertainty under new leadership: Bank of America

Macau's gaming industry is closely monitoring how the new leadership will influence policies affecting the sector, as Bank of America notes that "a key unknown for the sector remains the regulatory climate under a new Chief Executive.”

Macau’s illicit money exchange for gambling may lead to 5 years in jail

Macau has officially criminalized illicit money exchange practices, including those commonly known as “money exchange gangs”, which could result in a prison sentence of up to five years for individuals operating unapproved currency exchange businesses for gambling purposes.