The Gaming Inspection and Co-ordination Bureau has revealed a 5% year on year drop in the number of licensed VIP junket promoters.<\/p>\n\n\n\n\n\n\n\n
Macau.- The number of licensed VIP junket promoters in Macau is decreasing according to official statistics. <\/p>\n\n\n\n
The Gaming Inspection and Co-ordination Bureau (DICJ) revealed the number of operators licensed to conduct business in the Macau SAR in 2020 had fallen 5 percent year-on-year to 95, according to the Official Gazette.<\/p>\n\n\n\n
This is the seventh consecutive year that the number of licensed promoters, either individuals or companies, has decreased in Macau.<\/p>\n\n\n\n
In 2013 the number of authorised VIP gaming promoters reached a peak high of 235.<\/p>\n\n\n\n
In September 2019\u00a0the DICJ issued orders to limit any \u201ctransfer of information about gaming activities or operations, including customer personal data\u201d to third parties in the SAR or elsewhere for gaming concessionaires, sub-concessionaires and junkets.<\/p>\n\n\n\n
DICJ Director,\u00a0Paulo Martins Chan,\u00a0stated a month later that the regulator had finished drawing up draft regulations aimed at raising standards on background checks of those involved in Macau\u2019s junket industry, including their capital sources.<\/p>\n\n\n\n
The DICJ has also previously indicated it has conducted a review of law No.6\/2002 with regard to the city\u2019s junket operations, with a\u00a0Macau Business report\u00a0stating the proposed new requirements include raising the minimum capital amount of a junket from MOP25,000 (\u20ac2,800) to MOP10 million (\u20ac1.1 million), with capital deposit rocketing from MOP100,000 (\u20ac11,300) to MOP10 million (\u20ac1.1 million) .<\/p>\n","protected":false},"excerpt":{"rendered":"
The Gaming Inspection and Co-ordination Bureau has revealed a 5% year on year drop in the number of licensed VIP junket promoters.<\/p>\n","protected":false},"author":2,"featured_media":3003,"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's Gaming Inspection and Co-ordination Bureau (DICJ) reported a 5% year-on-year drop in licensed VIP junket promoters, marking the seventh consecutive year of decline. This trend is driven by intensified regulatory efforts, including orders to limit data transfer, draft regulations for stricter background checks, and proposed significant increases in minimum capital and deposit requirements for junkets.","focusai_entities":"Gaming Inspection and Co-ordination Bureau, DICJ, Paulo Martins Chan, Macau Business","focusai_location":"Macau SAR, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), payments_fraud_aml (0.8), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on VIP GGR?","query":"What is the projected impact of the sustained decline in licensed VIP junket promoters and the increased capital requirements on Macau's overall VIP Gross Gaming Revenue (GGR) for the next fiscal year?"},{"label":"Operator Strategy Shift?","query":"How are Macau's gaming concessionaires adapting their VIP acquisition and retention strategies in response to the shrinking junket market and heightened regulatory scrutiny?"}],"footnotes":""},"categories":[160,157,16338,158],"tags":[512,257],"class_list":["post-3001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-business-news","category-east-asia-news","category-slider-home","tag-gaming","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3001","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3001"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3001\/revisions"}],"predecessor-version":[{"id":3020,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3001\/revisions\/3020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3003"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}