The Macau government has drafted a bill proposing that junkets have a formal contract for granting credit.<\/p>\n\n\n\n\n\n\n\n
Macau.- Andr\u00e9 Cheong Weng Chon<\/strong>, acting as spokesman for the city’s Executive Council, and Adriano Marques Ho<\/strong>, director of the Gaming Inspection and Coordination Bureau, have revealed that Macau is working on a bill with new rules for junket operators offering credit.<\/p>\n\n\n\n Junket operators would have to have a formal contract for granting credit to any gaming concessionaire they tie to. Management companies<\/strong>, the non-concessionaire entities permitted to run satellite casino venues under a concessionaire licence, would not be allowed to establish a casino gaming credit contract or perform any related legal acts.<\/p>\n\n\n\n If passed by the Legislative Assembly, the bill would replace the existing gaming credit law<\/strong>, Law No. 5\/2004. Neither Cheong nor Ho provided further details on the differences between the newly proposed bill and the existing gaming credit law. Cheong said the government was still reviewing the existing regulatory regime dealing with illicit gambling and formulating new legal proposals.<\/p>\n\n\n\n He said the bill would represent a comprehensive review of gaming development and illicit gambling behaviours; “not merely a response to one or two criminal cases.” The bill is expected to be presented to the Legislative Assembly for deliberation later this year.<\/p>\n","protected":false},"excerpt":{"rendered":" The Macau government has drafted a bill proposing that junkets have a formal contract for granting credit.<\/p>\n","protected":false},"author":176,"featured_media":20612,"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 government has drafted a bill mandating formal credit contracts for junket operators, while explicitly prohibiting management companies from extending gaming credit. This legislative proposal aims to replace the existing gaming credit law (Law No. 5\/2004) and represents a comprehensive review of gaming development and illicit gambling behaviors. The bill is slated for deliberation by the Legislative Assembly later this year.","focusai_entities":"Andr\u00e9 Cheong Weng Chon, Adriano Marques Ho, Gaming Inspection and Coordination Bureau, Executive Council, Legislative Assembly","focusai_location":"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), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Bill vs. Law 5\/2004","query":"What are the specific differences between the proposed bill and Law No. 5\/2004 regarding junket credit liabilities, enforcement mechanisms, and the scope of 'illicit gambling' definitions?"},{"label":"Satellite Casino Impact","query":"How will the prohibition on management companies establishing casino gaming credit contracts impact the operational viability, revenue streams, and concessionaire-management company relationships for satellite casinos in Macau?"}],"footnotes":""},"categories":[16338,154],"tags":[23906],"class_list":["post-777004546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legislation-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004546","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=777004546"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004546\/revisions"}],"predecessor-version":[{"id":777004551,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004546\/revisions\/777004551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20612"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}