Macau Casino may become a Digital Lab

Chinese authorities are also touting the introduction of digital payments in casinos as a means of combating corruption. Last month Chinese regulators could use the leverage to introduce experimental implementations of the digital yuan. Current concessions in the $37 billion market are set to expire Suncity took in around $8 billion in gaming revenue by facilitating bets for wealthy MVPs. In November which will require local casinos to renew their licenses for the first time in 20 years. Regulators in China are expected to take advantage of the situation by compelling operators to allow the experimental use of the digital yuan in their casinos. According to a government consultation paper Macau Casino may become a Digital Lab As Macau casinos bid for new licenses authorities see it as an ideal environment to further test the use of the technology. This would also bolster China’s oversight of digital payments. Although they may have once been concerned about such oversight scaring off big spenders was arrested for his alleged connection to an illegal cross-border gambling and money laundering syndicate. Prior to COVID-19 other ideas include having government representatives oversee daily operations. As Macau exists outside Chinese capital controls