Macau: Legislative Assembly prepares to criminalize illegal money exchange activities
Friday 11 de October 2024 / 12:00
⏱ 1 min read
(Macau).- Legislative Assembly ready to criminalize illegal money exchange activities.
The Second Standing Committee of Macau’s Legislative Assembly has completed its discussion on the Bill on Illegal Gaming Offences, which will soon be put to a final vote after the full Legislative Assembly (AL) resumes this month.
The bill introduces a number of new laws to regulate illegal betting offences, including new provisions to allow investigators to conduct night-time and undercover searches for evidence, as well as a new statute to include “money exchange gangs” as a criminal offence.
The Chairman of the Commission, Chan Chak Mo, said the money exchange provision focuses on business whereby any person who conducts illegal currency exchange as a business and where the illegal currency exchange act is for gaming purposes will be in breach of the law.
Chan also emphasized that the bill not only covers casinos but anywhere within the city’s integrated resorts.
‘’The Government has made a lot of changes in the bill,” he said. “At the beginning it did not criminalize the illegal exchange of currency, but perhaps the situation has worsened and the government’s stance has changed.”
Chan added that the Second Standing Committee will refer the bill to the full AL as soon as possible, and that the bill will come into effect on the day following the government’s announcement after the vote.
Categoría:Legislation
Tags: Sin tags
País: Macao
Región: Asia
Event
BiS SiGMA South America 2026
06 de April 2026
Cibelae promotes the integration of the lottery sector at BiS SiGMA South America 2026
(São Paulo).- Cibelae consolidated its role as a key player in the gaming industry with a prominent participation in BiS SiGMA South America 2026. This event, recognized as the largest iGaming and betting gathering in Latin America, took place from April 6 to 9 at the Transamerica Expo Center in São Paulo.
Tuesday 21 Apr 2026 / 12:00
1xBet Builds Momentum in Brazil and Expands Across LatAm at BiS Sigma South America
(Sao Paulo, SoloAzar Exclusive).- Following the recent launch of its Brazilian license, 1xBet used BiS Sigma South America to strengthen its presence in the region and connect with key stakeholders across Latin America. Strategic Advisor Simon Westbury described the exhibition as highly engaging, highlighting both the opportunities generated on the show floor and the regulatory challenges that lie ahead for Brazil and the wider continent.
Tuesday 21 Apr 2026 / 12:00
Fernando Martinez: "LSports is in the midst of a massive expansion in the LATAM region"
(São Paulo, SoloAzar Exclusive).- Following LSports’ participation at BiS SiGMA South America 2026 Fernando Martinez, the company’s VP of Sales LATAM shares insights on regional expansion, the growing demand for managed services, and how technology is shaping competition in an increasingly regulated landscape.
Friday 17 Apr 2026 / 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.