IPepper news
  1. Main
  2. /

    News
  3. /

    Casino and Games
  4. /

    Macau Police Bust ...
  5. /...
Macau Police Bust Cross-Border Syndicate Over Counterfeit Casino Chips
Chips for gambling. Source: Revista Casino

Macau Police Bust Cross-Border Syndicate Over Counterfeit Casino Chips

Macau's Judicial Police recently dismantled a cross-border crime ring involved in the distribution of counterfeit casino chips, culminating in the apprehension of five suspects from mainland China. The operation resulted in the confiscation of 585 counterfeit chips, each valued at HK$10,000 ($1,280), totaling HK$5.85 million ($750,000).

The crackdown was prompted by a report from a Cotai casino, alerting authorities to a customer who attempted to exchange counterfeit chips for cash. Subsequent investigation revealed a sophisticated operation wherein the suspects transported counterfeit chips from mainland China to Macau, utilizing them for illicit gambling activities within casinos.

Authorities emphasized the striking realism of the seized counterfeit chips, underscoring the challenges in distinguishing them from genuine ones without specialized equipment.

Casino and GamesMacau

Casino and Games
EveryMatrix Set to Acquire Fantasma Games

19 September 2024, 15:00

Flutter Entertainment to Buy Playtech's Snaitech for $2.56 Billion

17 September 2024, 16:48

UK footballers join new anti-gambling campaign

15 September 2024, 15:04

MGM Resorts Transitions Casinos and Hotels to Solar Power

13 September 2024, 17:18

MGM Resorts Confident in Osaka Casino Future

12 September 2024, 15:00

Bet365 Fined $33,000

9 September 2024, 10:35

Other news
MGM Resorts Transitions Casinos and Hotels to Solar Power
MGM Resorts Transitions Casinos and Hotels to Solar Power

MGM Resorts International has forged a partnership with Escape Solar LLC to provide its hotels and casinos with solar energy. This collaboration enhances MGM's existing status ...

US lawmakers prepare new restrictions for the country's gambling market
US lawmakers prepare new restrictions for the country's gambling market

New York Congressman Paul Tonko and Connecticut Senator Richard Blumenthal have proposed a legislation aimed at strengthening regulations within the betting and gambling ...

MGM Resorts Confident in Osaka Casino Future
MGM Resorts Confident in Osaka Casino Future

MGM Resorts International is optimistic about the timely construction of its integrated resort, MGM Osaka, which will feature a hotel and casino. The American gaming giant has ...

Articles
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data

In his opinion column, IGB expert Tom Waterhouse explores the significance of sports data analytics and data providers within the evolving landscape of sports betting. He ...

Finnish Gambling Market Reform: Veikkaus Resurgent vs Kindred's Leadership
Finnish Gambling Market Reform: Veikkaus Resurgent vs Kindred's Leadership

Could competition from private companies in Finland's regulated gambling market aid in revitalising the Veikkaus monopoly, which has experienced years of decline and losses? ...

Brazil's CPI and the Fight Against Match-Phishing
Brazil's CPI and the Fight Against Match-Phishing

Robinson Barreirinhas, the Special Secretary of Brazil’s Federal Tax Service, is set to provide testimony before the Parliamentary Commission of Inquiry (CPI) investigating ...

Why California Tribes Are Revolting Against Card Rooms
Why California Tribes Are Revolting Against Card Rooms

California Indian tribes engaged in the gambling industry are actively backing a bill aimed at enhancing their operations. However, representatives from state casinos and card ...

US Gambling Industry: Can More Deals Be Made?
US Gambling Industry: Can More Deals Be Made?

For many years, the majority of the largest companies in the US gaming sector—encompassing operators, suppliers, and sportsbooks—have been publicly traded entities. However, ...

Categories