{"id":105544,"date":"2019-05-22T08:01:22","date_gmt":"2019-05-22T15:01:22","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=105544"},"modified":"2019-05-22T08:39:01","modified_gmt":"2019-05-22T15:39:01","slug":"macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/","title":{"rendered":"Macau\u2019s Chief Regulator Pulls Out of G2E Asia as Expo Investigated for \u2018Promoting Illegal Online Gambling\u2019"},"content":{"rendered":"

Macau\u2019s top regulator Paulo Martins Chan will not be making a keynote speech at gaming expo G2E Asia<\/a> as expected, but he may be investigating it, the Macau News Agency (MNA) reports.<\/p>\n

\"G2E
G2E Asia is in full swing at the Venetian Macao but has the expo\u2019s segment on fintech, and blockchain in particular, ruffled the wrong feathers? (Image: G2E Asia)<\/figcaption><\/figure>\n

Chan, who heads Macau\u2019s Gaming and Inspection Coordination Bureau (DICJ), was scheduled to give a talk at the opening ceremony at The Venetian Macao on Tuesday, right after SJM Holdings Executive Director Daisy Ho kicked off proceedings.<\/p>\n

But Chan was a no-show. When contacted, the DICJ informed MNA that he had pulled out after reports made by \u201ccertain associations and the public\u201d that certain exhibitors were suspected of \u201cusing the Macau exhibition to promote illegal online gaming.\u201d<\/p>\n

Instead of participating, DICJ will be sending agents to investigate exhibitors and conduct frequent inspections, while distributing \u201cillegal online gaming leaflets to the exhibitors to remind them about the laws of Macau.\u201d<\/p>\n

\u201cThe DICJ believes that before a detailed investigation on the matter is completed to dispel the doubts of the public, it will be more proper for the Bureau not to attend activities held by the respective exhibition organizer,\u201d it continued.<\/p>\n

Crypto Not Authorized for Gambling <\/strong><\/h2>\n

The three-day event — now in its 13th<\/sup> year — is organized jointly by Reed Exhibitions and the American Gaming Association and boasts many of the top casino equipment suppliers to the Asia-Pacific casino industry.<\/p>\n

\n

But eyebrows were raised in January when Reed announced it had partnered with Hong Kong-based blockchain company Blockchain Labs to help organize a new segment for the expo, to be known as Financial Technology Asia.<\/p>\n<\/div>\n

The segment intends to connect \u201cfinancial professionals from casinos and gaming platforms with new blockchain, cloud, cybersecurity and payment technology solutions,\u201d despite the fact that cryptocurrency is not currently regulated in Macau nor is it authorized for gaming activities.<\/p>\n

On Wednesday a panel talk entitled Blockchain & Gaming was held at G2E\u2019s financial technology forum.<\/p>\n

Digital Junkets<\/strong><\/h2>\n

Last year, the Monetary Authority of Macau (AMCM) warned the public about the possibility of \u201cfraud and criminal activities\u201d in relation to cryptocurrency investment.<\/p>\n

Various Macau companies have explored the idea of using blockchain technology for gaming purposes, including Dragon Group<\/a>, which launched the Dragon Coin in 2017. The digital currency can be used to buy Dragon Global Chips, which the company hopes will be exchangeable for physical gaming chips in affiliated venues, essentially digitizing the junket industry.<\/p>\n

But in his speech at last year\u2019s G2E Asia, Chan emphasized the use of cryptocurrency in gaming activities would not be authorized \u201cin the near future\u201d in Macau.<\/p>\n

On Wednesday, DICJ declined elaborate to MNA on whether its investigation was focused on the blockchain segment of the expo.<\/p>\n

Reed said none of the events at G2E Asia violated local laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau\u2019s top regulator Paulo Martins Chan will not be making a keynote speech at gaming expo G2E Asia as expected, but he may be investigating it, the Macau News Agency (MNA) reports. Chan, who heads Macau\u2019s Gaming and Inspection Coordination Bureau (DICJ), was scheduled to give a talk at the opening ceremony at The Venetian […]<\/p>\n","protected":false},"author":36,"featured_media":105545,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,24066,33810,13592],"tags":[],"acf":[],"yoast_head":"\nMacau\u2019s Chief Regulator Pulls Out of G2E Asia as Expo Investigated<\/title>\n<meta name=\"description\" content=\"Paulo Martins Chan, director of Macau\u2019s Gaming and Inspection Coordination Bureau, pulls out of G2E over \u201cillegal online gambling.\u201d\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau\u2019s Chief Regulator Pulls Out of G2E Asia as Expo Investigated\" \/>\n<meta property=\"og:description\" content=\"Paulo Martins Chan, director of Macau\u2019s Gaming and Inspection Coordination Bureau, pulls out of G2E over \u201cillegal online gambling.\u201d\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-22T15:01:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-05-22T15:39:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/g2e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/\",\"url\":\"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/\",\"name\":\"Macau\u2019s Chief Regulator Pulls Out of G2E Asia as Expo Investigated\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/g2e.jpg\",\"datePublished\":\"2019-05-22T15:01:22+00:00\",\"dateModified\":\"2019-05-22T15:39:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Paulo Martins Chan, director of Macau\u2019s Gaming and Inspection Coordination Bureau, pulls out of G2E over \u201cillegal online gambling.\u201d\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/macaus-chief-regulator-pulls-out-of-g2e-asia-as-expo-investigated-for-promoting-illegal-online-gambling\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/g2e.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/g2e.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"G2E Asia is in full swing at the Venetian Macao but has the expo\u2019s segment on fintech, and blockchain in particular, ruffled the wrong feathers? 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