Good morning. Australian gaming companies continue to face the music, with SkyCity Adelaide leveled with charges by the country’s financial crimes watchdog (AUSTRAC) over ‘serious and systemic’ breaches of anti-money laundering legislation. In Macau, things are finally looking up, with authorities reversing their zero-COVID stance and saying the city cannot “continue shut”, as it aims for a gradual opening, despite authorities warning they will “not allow a large-scale outbreak”.
What you need to know
- AUSTRAC takes SkyCity Adelaide to Federal Court over ‘serious and systemic’ breaches of anti-money laundering legislation.
- Macau is finally turning the page, deciding to undergo a ‘gradual opening up’ as it realizes it’s “impossible to continue shut” to the world due to COVID.
On the radar
- Disciplinary action leveled against former Chinese lottery operator REXLot.
- Former HKEX head to set up asset exchange in Macau.
- Delta to pursue legal action against Goan government over license fees.
Australia’s financial crimes watchdog is not backing down, as it now takes SkyCity Adelaide to court over alleged breaches of anti-money laundering laws, claiming ‘serious and systemic’ failures. The total fines and punishments are yet to be revealed, but AUSTRAC again put the industry on notice, noting the continual actions against gaming operators are to ‘serve as a warning to casinos’.
- Jade Entertainment and BetConstruct launch Jade Sportsbet in PH.
- Slotegrator launches Guide to iGaming in Asia.