Macau’s Public Security Bureau has found 65 fake casino chips in Q1 2020 worth HK$2m ($257,644).
Fifty of the fake chips were worth HK$10,000 each, and 15 were worth HK$100,000. The authorities did not name the casinos where these chips may have been used.
According to the report, authorities recorded 49 casino-related scams during the quarter, with 27 of them involving money exchanges.
The casino industry in Macau is evolving with the times. There are plans to introduce virtual yuan into the market. Macau’s authorities recently announced a public consultation for future gaming laws in the city.
The consultation will take place in the second half of the year. But the expected date should be no later than August 15 to allow legislators to prepare.
“There isn’t much time left, and we have a lot of pending legislative work, so it will be difficult to provide the necessary follow-up,” legislator Song Pek Kei said. There are six concession and sub-concession contracts that will expire in July 2022, and the public consultation is about their future.