Authorities say the draft revised gaming law will be submitted to the Assembly by the last quarter of next year.
Macau.- The Macau government has revealed that the bill revising the SAR’s gaming laws will be submitted to the Legislative Assembly by the last quarter of 2021.
The revision has to be complete before the retender process for Macau gaming rights, with the six casino operators’ licences expiring in June 2022.
The next two years will also see authorities update requirements for high-amount transaction reports designed to prevent money laundering and evaluate enhanced due diligence measures for online client transactions.
The 2021 policy document has been presented to the Legislative Assembly by Chief Executive Ho Iat Seng. It outlines a plan to start auditing junket operators between the first to last quarter of 2021.
Inspections will be conducted on the operational procedures enforced by junkets on their accounts at local casinos.
The number of licensed VIP junket promoters has decreased in recent years, falling to 95.