{"id":29604,"date":"2022-05-05T09:31:39","date_gmt":"2022-05-05T12:31:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29604"},"modified":"2026-04-23T08:58:55","modified_gmt":"2026-04-23T11:58:55","slug":"macau-legislators-request-clarification-on-illegal-deposits","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-legislators-request-clarification-on-illegal-deposits","title":{"rendered":"Macau legislators request clarification on illegal deposits"},"content":{"rendered":"\n

Legislators have raised concerns about a proposed rule that provides criminal penalties for junkets who illegally accept deposits from the public.<\/p>\n\n\n\n\n\n\n\n

Macau.- After a new round of meetings to discuss\u00a0the new bill on junket businesses<\/a>\u00a0and satellite casinos,\u00a0committee chairman Chan Chak Mo<\/strong>\u00a0has told local media reports that legislators raised concerns about a rule that sets a penalty of up to five years in prison for junket operators that solicit or accept illegal deposits.<\/p>\n\n\n\n

Chan said: \u201cMany legislators have asked: what is the definition of an illegal deposit? Is such deposit defined as illegal if it is interest-bearing, or does it count players\u2019 winnings lodged with the junkets?\u201d<\/p>\n\n\n\n

The committee also raised questions about the government’s criteria for setting an annual cap on the number of junket operators<\/a> each gaming franchisee can work with, as well as a cap on the number of junket sub-agents. <\/p>\n\n\n\n

As Focus Gaming News previously reported,\u00a0non-resident junket collaborators<\/a>\u00a0would be allowed by the new legislation as long as they comply with Macao Labor Law and the conditions to legally stay in the city. Chan Chak Mo also said that collaborators will be able to work with more than one junket operator since operators will be considered freelancers.\u00a0<\/p>\n\n\n\n

Macau legislators think VIP gaming promoter bill is too strict<\/h2>\n\n\n\n

Chan Chak Mo has revealed that some legislators have expressed concerns about the government’s proposal to increase the minimum registered capital of junket operators from MOP100,000 to MOP10m.<\/p>\n\n\n\n

According to a report by TDM, legislators also want clarification on proposals on the size of Macau’s junket industry to be considered before issuing or renewing licences, a measure that could cause problems to junkets who have already obtained a licence or are applying for one.<\/p>\n","protected":false},"excerpt":{"rendered":"

Legislators have raised concerns about a proposed rule that provides criminal penalties for junkets who illegally accept deposits from the public.<\/p>\n","protected":false},"author":176,"featured_media":10582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau legislators have expressed significant concerns regarding a proposed bill targeting junket operations, particularly the ambiguity surrounding criminal penalties for \"illegal deposits\" and a tenfold increase in minimum registered capital. The legislative committee is seeking clarification on definitions, annual caps for operators and sub-agents, and the criteria for licensing renewals, indicating potential operational and financial hurdles for the VIP gaming sector.","focusai_entities":"Chan Chak Mo, TDM","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.95), payments_fraud_aml (0.9), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Define \"Illegal Deposit\"","query":"What specific criteria will the Macau government establish to definitively classify an \"illegal deposit\" for junket operators, distinguishing between interest-bearing funds and legitimate player winnings, and how will this impact existing operational practices?"},{"label":"Capital & Licensing Impact","query":"How will the proposed MOP10m minimum registered capital requirement and the new industry size considerations for licensing renewals affect the competitive landscape and market consolidation among existing and prospective junket operators in Macau?"}],"footnotes":""},"categories":[16338,154,158],"tags":[23911,23906],"class_list":["post-29604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legislation-news","category-slider-home","tag-gambling-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29604"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29604\/revisions"}],"predecessor-version":[{"id":29618,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29604\/revisions\/29618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10582"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}