• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 4 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

DICJ says reports of digital yuan coming to Macau are “fake news”

Ben Blaschke by Ben Blaschke
Thu 3 Dec 2020 at 05:00
Macau operators to lose over US$1 billion in EBITDA in Q2: Morgan Stanley
30
SHARES
758
VIEWS
Print Friendly, PDF & Email

Macau’s gaming regulator, the Gaming Inspection and Coordination Bureau, said Wednesday that a news report claiming the SAR government was considering introducing a cryptocurrency backed by China’s central bank was not true.

According to the Bloomberg report on Wednesday, the government has been discussing with casino operators the prospect of introducing the digital yuan, which could be used to purchase gaming chips – providing Beijing with greater oversight over cash flow through Macau’s casinos. It would also strike another blow to Macau’s junket industry by reducing their ability to provide credit and exchange currency.

“If applied widely, the digital yuan will bring a significant hit to both the VIP and mass segments,” said Zhou Jinquan, associate professor at the Centre for Gaming and Tourism Studies of Macau Polytechnic Institute, in the Bloomberg report.

“It’ll breach customer privacy and restrict people’s betting amount to the potential conversion cap imposed on the digital yuan to foreign currencies.”

In response, the DICJ was quick to deny such plans, issuing a short statement on Wednesday that read, “We hereby clarify that the use of digitized renminbi in casinos is a false report.”

The regulator was recently forced to also deny reports that Macau’s government was actively considering the introduction of online gambling as a means of easing some of the pressure on casino operators brought about by the COVID-19 pandemic. A similar measure is currently being introduced in the Philippines where PAGCOR has granted some operators permission to offer online gambling services.

The DICJ said in November, “Macau currently does not approve betting on casino games of fortune via the internet. According to the current Law No. 16/2001, an approved company that operates casino games of fortune is not allowed to operate any form of interactive gaming, including casino games of fortune on the internet.”

Macau’s gross gaming revenue is down 80.5% over the first 11 months of 2020 to MOP$52.62 billion (US$6.58 billion) compared with MOP$269.62 billion (US$33.72 billion) over the same period in 2019.

RelatedPosts

Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins

Grand Korea Leisure reports sequential gain but year-on-year decline in casino revenue to US$25.5 million

Fri 4 Jul 2025 at 04:52
Inside Thai IRs

Thailand’s opposition party, civic groups petition government to withdraw casino bills

Thu 3 Jul 2025 at 14:32
Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Wed 2 Jul 2025 at 18:10
Team Spirit

IAG announces Light & Wonder, Angel and Aristocrat Gaming as sponsors of Macau After Dark at Vasco – Bar & Lounge on Monday 7 July

Wed 2 Jul 2025 at 15:33
Load More
Tags: casinoscryptocurrencyDICJDigital currencyGaming Inspection and Coordination BureauMacau
Share12Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Wynn Al Marjan Island releases first renderings of uber-luxury Enclave suite and apartment offering

Wynn Al Marjan Island releases first renderings of uber-luxury Enclave suite and apartment offering

by Ben Blaschke
Fri 4 Jul 2025 at 05:59

Wynn Resorts has released first images of its elite suite and apartment offering at Wynn Al Marjan Island, to be known as Enclave and located on the uppermost levels of the UAE integrated resort. According to information published overnight, the...

The 2024 Asian Gaming Power 50

Bally’s ready to pull out of Star rescue deal if AUSTRAC issues monster fine

by Ben Blaschke
Fri 4 Jul 2025 at 05:37

US casino operator Bally’s Corp may have to withdraw from its multi-million-dollar rescue of Star Entertainment Group should the embattled Australian firm be hit with a massive fine by AML watchdog AUSTRAC. Bally’s chairman Soo Kim made the revelation –...

Grand Korea Leisure books US$11.4 million profit in 1Q25 on higher casino sales, better margins

Grand Korea Leisure reports sequential gain but year-on-year decline in casino revenue to US$25.5 million

by Newsdesk
Fri 4 Jul 2025 at 04:52

Foreigner-only casino operator Grand Korea Leisure (GKL) reported casino revenue of KRW34.8 billion (US$25.5 million) in June, representing a 13.6% increase over May although down 6.0% compared with the same month last year. The sequential increase follows a similar trend...

Inside Thai IRs

Thailand’s opposition party, civic groups petition government to withdraw casino bills

by Ben Blaschke
Thu 3 Jul 2025 at 14:32

Thailand’s opposition People’s Party has joined a coalition of civic groups in calling for the government to withdraw the two bills that would legalize land-based and online casino style gambling across the country. According to The Bangkok Post, the groups...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English