Macau questions casino proposal

macau gaming revenue

Credits: South China Morning Post.

The alleged proposal to install a floating casino in Macau was questioned by Macau authorities.

Macau.- Gaming Inspection, and Coordination Bureau (DICJ) director Paulo Martins Chan set doubts about Dragon Corp’s ICO and its alleged plans of installing a floating casino in the gaming hub. According to this week’s local news, the company was interested in raising funds to invest in the gaming project.

“[Both Dragon Corp. and Wi Holdings] are not gambling companies or companies responsible for the production of slot machines, and for the time being it is not possible to find the connection between these two companies and the gaming industry in Macau,” said DICJ director Paulo Martins Chan.

Meanwhile, Chakrit Ahmad, CEO of Wi Holding in an interview with CNBC, stated: “This is the first time anybody has allowed the public to invest in a public junket or become a shareholder of a casino.” The deal is likely to draw further scrutiny from regulators after it was revealed that it is backed by former triad boss “Broken Tooth” Wan Kuok-koi earlier this week.