Tightening the noose. Macau has criminalized illicit money exchange practices, particularly targeting “money exchange gangs,” with offenders facing up to five years in prison for operating unapproved currency exchange businesses for gambling. The legislation aims to address various illegal gambling activities, including online gambling and unlicensed lending, through undercover investigations and night searches. Meanwhile, in a major operation, the Philippines has arrested Chinese national Lyu Dong, a key figure behind illegal POGOs in the country. Moving further to Australia, September gaming results in Queensland showed an increase of 7.7 percent compared to the previous year.
The post Daily Asia Gaming eBrief: Macau criminalizes illicit money exchange operations first appeared on Asia Gaming News | AGB – Asia Gaming Brief.
