Gaming authorities to further crack down on illegal currency exchange

The Judiciary Police held a joint meeting on 19 February with the Gaming Inspection and Coordination Bureau as well as the six gaming operators in Macau to discuss strategies to further crack down on illegal currency exchange and other gaming related crimes.

The meeting was attended by the leading officers of the two law enforcement agencies and 11 representatives from SJM, Wynn Macau, Galaxy Entertainment, Sands China, MGM and Melco Crown.

As visitor arrivals began to rise steadily following the easing of the Covid-19 epidemic in mainland China and Macau, illegal currency exchange also began to become rampant once again. The police have even found that counterfeit money was used recently in illegal currency exchange, posing a great public security risk.

During the meeting, the two law enforcement agencies explored the feasibility of random patrolling of casinos by the in-house security teams of the six gaming operators to further combat illegal currency exchange and the feasibility of posting promotion materials inside casino premises to remind patrons to go to banks or currency exchange shops for money exchange.

Since illegal currency exchange providers offer a lower rate than banks and other official channels, gamblers often prefer these illegal providers. In a bid to further combat such illicit activities, the authorities have vowed to work more closely with the gaming industry to find ways to root out the problem.