Gaming authorities discussing the use of digital currency in casinos
Thursday 03 de December 2020 / 08:14
2 minutos de lectura
(Macau).- The Gaming Inspection and Co-ordination Bureau (DICJ) has been in early-stage discussions with gaming operators over the past few months over the possible introduction of e-yuan as currency to purchase gaming chips in local casinos, according to a media report by Bloomberg.
Chinese authorities have been testing the use of the world’s first state-backed cryptocurrency, issued and managed by the country’s central bank, in five trial regions, Shenzhen, Suzhou, Xiong’an, Chengdu, and future Winter Olympics locations.
No timeline for full public use has been announced yet by The People’s Bank of China, but the report cites sources that point for plans to only use the digital currency locally in casino floors.
Introducing the use of digital currency in the SAR would remove the use of Hong Kong dollars as the currency for casino betting and have great consequences in the local gaming industry, especially to junket operators, with the increase in control of capital outflows by Beijing likely to scare away VIP gamblers used to more discretion over their gambling habits.
It would also remove the need to use junket operator as intermediaries for Chinese gamblers and restrict people’s betting amount to the potential conversion cap imposed on the e-yuan to foreign currencies.
Cumulative gross gaming results between January and November have dropped by 80.5 per cent year-on-year to some MOP52.6 billion, with analysts believing that the introduction of such a policy would likely reduce a considerable percentage of gaming results in the future.
Categoría:Casino
Tags: Sin tags
País: Macao
Event
G2E - Las Vegas 2025
06 de October 2025
CT Interactive on Innovation, Networking, and Market Growth at G2E 2025
(Las Vegas, SoloAzar Exclusive).- The global gaming industry marked G2E’s 25th anniversary with a major gathering in Las Vegas. CT Interactive stood out for its innovative product development and international growth strategy. Account Manager LATAM at CT Interactive, Roberto Muñoz, shared insights on G2E’s importance, emerging trends, and the company’s collaborative expansion efforts.
Thursday 30 Oct 2025 / 12:00
Atlaslive Explored the Future of Gaming in Latin America at Recent G2E 2025
(Las Vegas, SoloAzar Exclusive).- Bruno Almeida, Head of Sales LATAM at Atlaslive, attended G2E for the first time to explore how land-based and online gaming are converging. His experience highlighted key trends shaping the Latin American market, from immersive casino innovations to strategic networking and regulatory insights.
Monday 27 Oct 2025 / 12:00
G2E 2025: Cristian Galarza, ASAP Director Explains the Importance of Attending the Event
(Las Vegas, SoloAzar Exclusive). - After attending the 25th anniversary edition of G2E in Las Vegas, ASAP’s director shares his perspective on the evolution of the industry, driven by digitalization, efficiency, and the creation of international networks that foster new business opportunities.
Tuesday 28 Oct 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.