{"id":29634,"date":"2022-05-06T07:39:48","date_gmt":"2022-05-06T10:39:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29634"},"modified":"2026-04-23T08:57:13","modified_gmt":"2026-04-23T11:57:13","slug":"macau-only-casino-operators-will-be-able-to-retain-player-funds","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-only-casino-operators-will-be-able-to-retain-player-funds","title":{"rendered":"Macau: only casino operators will be able to retain player funds"},"content":{"rendered":"\n

Macau legislators have shed light on 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 some legislators raised concerns about a proposed rule against junket operators taking deposits,\u00a0committee chairman Chan Chak Mo\u00a0<\/strong>has clarified that neither Macau junkets nor their collaborators will be able to hold funds on behalf of gamblers. Only casino franchisees will be able to hold player funds. <\/p>\n\n\n\n

Chan Chak Mo said the committee had sought further legal guidance from the government on the intent and impact of the clause, which sets\u00a0a penalty of up to five years in prison<\/a> for junket operators that illegally accept deposits. The feedback received was that no junket operator, their staff nor the management company could accept deposits of any kind from players, even if the deposit was non-interest bearing.<\/p>\n\n\n\n

The new bill on junket businesses<\/a> and satellite casinos has already passed the first reading after 30 MPs voted in favour <\/strong>while one voted against the bill.<\/p>\n\n\n\n

Macau to revise gaming credit law<\/h2>\n\n\n\n

As previously reported by Focus Gaming News, authorities have announced that the current\u00a0gaming credit law\u00a0<\/strong>in Macau may also be amended to improve regulatory standards. The government said that while Law 8\/96\/M on illegal gambling regulates a number of gambling-related crimes and offences, it was time to update the law.<\/p>\n\n\n\n

It said: \u201cThe Macau government considers \u2026 it is necessary to improve the respective legal regime to strengthen supervision and ensure the healthy and orderly development of the city\u2019s gaming industry.\u201d<\/p>\n\n\n\n

Law 8\/96\/M punishes all forms of operating, promoting or supporting gaming outside of authorised venues, as well as any fraudulent or illegal gaming within authorised areas, or the provision of loans or gaming credits to customers without a licence.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macau legislators have shed light on a proposed rule that provides criminal penalties for junkets who illegally accept deposits from the public.<\/p>\n","protected":false},"author":176,"featured_media":11200,"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 clarified a proposed rule imposing criminal penalties, including up to five years in prison, for junket operators illegally accepting public deposits. Only casino franchisees will be permitted to hold player funds, with the new bill on junket businesses and satellite casinos having passed its first reading. Concurrently, Macau's gaming credit law (Law 8\/96\/M) is slated for amendment to enhance regulatory standards and strengthen supervision across the industry.","focusai_entities":"Chan Chak Mo","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (1.0), compliance_legal (1.0), operator_casino (0.95), payments_fraud_aml (0.85), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Junket-Operator Fund Flow?","query":"What are the specific operational and financial implications for Macau's concessionaires regarding the new mandate that only casino franchisees can hold player funds, particularly concerning existing junket-operator agreements?"},{"label":"Gaming Credit Law Impact?","query":"How will the proposed amendments to Macau's gaming credit law (Law 8\/96\/M) specifically enhance regulatory standards and what new compliance burdens might arise for licensed operators?"}],"footnotes":""},"categories":[16338,154,158],"tags":[23911,23906],"class_list":["post-29634","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\/29634","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=29634"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29634\/revisions"}],"predecessor-version":[{"id":29641,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29634\/revisions\/29641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11200"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}