Macau Special Administrative Region of the People’s Republic of China, or simply Macau, is an autonomous Chinese territory. With the exception of the military and foreign affairs, Macau is run like a sovereign state but it is not sovereign. They have their own laws, currency, and other policies that are very different from those in China. Macau gambling laws are an example. Unlike in China, most forms of gambling in Macau are legal and they have been since the 1850’s when it was under Portuguese rule. This country is sometimes referred to as the “Monte Carlo of the Orient” and it attracts enough tourists to account for nearly 50% of the GDP. Many of these visitors come from China and other nearby regions where wagering is illegal. 33 casinos, one horse track, and a greyhound track are big draws for foreign gambling tourists.
Gambling in Macau is divided into four categories: Casino gaming, greyhound racing, sports gambling, and lotteries. Gambling was a state monopoly until 2001 when gambling licenses were issued and international companies got in on the casino business. Macau casinos are regulated by the Gaming Inspection and Coordination Bureau but the online betting industry here is unregulated. Players are allowed to place bets with foreign online betting sites.
T0p 10 Gambling Sites for Macau
What are the Best Gambling Sites and Promotions for Macau?
Macau online casino players have their pick of the most highly rated online sites in the world. They also have a lot of great bonuses to choose from. $50 in casino bonuses are a cinch to claim at 5 Dimes and it gets better at Casino King and BetMotion with their €100 welcome bonus packages. Casino Floor and TitanBet also have €100 waiting for Macau online casino players to snap up. If you are interested in having €300 added to your bonus account then head over to Casino X or ComeOn. They can make it happen. Play Grand’s $10,000 in casino bonuses will have you jumping for joy.
If you are looking for some poker action then you can get it at TonyBet and Bet1128 along with a cool €500 in poker bonuses. You will have a tall chip stack when you take advantage of the €1,000 that Betsson and Bets10 are dishing out and you can’t go wrong with the €1,500 in poker bonuses that BetAtHome, and William Hill are dangling.
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How Regulated is the Macau Gambling Market?
The Macau gambling market is really on partially regulated. Land-based operations fall under the regulatory jurisdiction of the Gaming Inspection and Coordination Bureau but online wagering remains unregulated.
Is Gambling Legal in Macau? What is the Legal Gambling Age?
Gambling is legal here and there are several brick and mortar gaming establishments throughout the country. Millions of foreigners from countries where betting is illegal come here to gamble and they contribute greatly to the economy. In response to an increase in money laundering, The Gaming Inspection and Coordination Bureau has tightened things up a bit. The legal age for gambling in Macau is 21.
Does Macau Tax Gambling Winnings?
Macau tax laws allow for gambling winnings to go untaxed. It’s a different story for operators who pay about 40% of gross gaming revenues to the taxman. These revenues are major contributors to the government’s coffers.
What Currencies and Payment Methods do Macau Players Generally Use?
The official currency of Macau is the Pataca and it is accepted all over the country. Macau players who are looking for ways to make deposits and withdrawals from online gambling sites have plenty of fast and easy options. Major credit cards like Visa, Mastercard, and Maestro are widely accepted as are eWallets such as Skrill and WebMoney. Pre-paid cards such as Entropay and direct bank transfers are also commonly used by players here. Check with your favorite online gambling site to find the best method for you.