Authorities say they’re not planning to adjust the commission rate for VIP junkets, which is currently capped at 1.25 per cent for rolling chip turnover.
Macau.- Chan Chak Mo, head of the committee that’s evaluating the final draft of Macau’s gaming law amendment bill, has said that the Macau government has no current plans to adjust the commission rate for VIP junkets, which is currently capped at 1.25 per cent. He said some legislators had asked him if the government could raise the limit.
Concerns arose as the final draft of Macau’s gaming law amendment bill stipulates that junket operators can only earn commissions from their gaming promotion work.
Chan Chak Mo said: “Apart from earning commission for their work, junkets cannot earn any other forms of income, such as revenue split or bonuses.”
The bill would also ban junkets from engaging in revenue-sharing arrangements with casino operators and from operating certain areas or facilities in casino venues. Junket operators will each be able to provide services to only one casino operator.
Macau’s Legislative Council approved the first reading of the gaming law amendment bill with just one vote against it on January 24.