Macau casino operators to help fight illicit money exchanges

Despite attempts at preventing them, illicit money exchanges are still a part of the gambling landscape in Macau. Now the gaming industry has agreed to step in and try to burst the bubble, agreeing to take a more active role in trying to prevent the activity.

During a meeting with government officials, including the local gaming regulator and high-ranking police officials, last Friday, representatives from Macau’s casino industry pledged to cooperate with ongoing enforcement activities and to improve the checks conducted at their own facilities in order to curb illicit money exchanges.

The representatives pointed out that the activity has decreased, thanks to the efforts of the police force, but that the casinos are ready to help tackle the issue more proactively.

Over the past two months, according to government sources, there have been around 1,000 arrests of individuals suspected of participating in illicit money exchanges. Over the course of 2018, a total of 3,050 from outside of Macau were their alleged involvement in the activity. All of those were escorted out of the city, but no information has been offered regarding to where they were sent.