The authorities have been talking with gaming operators about the possibility of introducing digital currency in casinos.<\/p>\n\n\n\n\n\n\n\n
Macau.- The Gaming Inspection and Coordination Bureau (DICJ) has been talking with operators about the possibility to introduce digital currency in casinos.<\/p>\n\n\n\n
According to a report by Bloomberg, authorities want to use the e-yuan, the world’s first state-backed cryptocurrency, as an accepted payment method for the purchase of gaming chips.<\/p>\n\n\n\n
Chinese authorities have been testing the currency, which is issued and managed by the country\u2019s central bank, in five trial regions, Shenzhen, Suzhou, Xiong\u2019an, Chengdu, and future Winter Olympics locations.<\/p>\n\n\n\n
The digital currency would eventually remove the use of Hong Kong dollars as the currency for casino betting, a move that could strongly impact on the local gaming industry as Beijing would gain more control over capital outflows. <\/p>\n\n\n\n
Some operators fear such a move could scare away VIP gamblers due to the lack of discretion about their gambling habits.<\/p>\n","protected":false},"excerpt":{"rendered":"
The authorities have been talking with gaming operators about the possibility of introducing digital currency in casinos.<\/p>\n","protected":false},"author":2,"featured_media":12299,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Gaming Inspection and Coordination Bureau (DICJ) is exploring the introduction of China's state-backed digital currency, the e-yuan, as a payment method in casinos. This initiative aims to replace Hong Kong dollars for gaming chip purchases, granting Beijing greater control over capital outflows but raising concerns among operators about deterring VIP gamblers due to privacy implications.","focusai_entities":"Gaming Inspection and Coordination Bureau (DICJ), Bloomberg, Chinese authorities, Beijing","focusai_location":"Macau, China, Hong Kong, Shenzhen, Suzhou, Xiong\u2019an, Chengdu","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), tech_data (0.8), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP Segment Impact?","query":"What is the projected impact on Macau's VIP GGR and market share for operators if the e-yuan deters high-net-worth gamblers due to privacy concerns?"},{"label":"Technical Integration Challenges?","query":"What are the primary technical and operational challenges for casino operators in integrating the e-yuan into existing payment and gaming systems, and what is the estimated timeline for such a transition?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[12436,257],"class_list":["post-12296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-casinos","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12296"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12296\/revisions"}],"predecessor-version":[{"id":12313,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12296\/revisions\/12313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12299"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}