{"id":777010860,"date":"2023-11-06T09:30:09","date_gmt":"2023-11-06T12:30:09","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010860"},"modified":"2026-04-22T16:27:56","modified_gmt":"2026-04-22T19:27:56","slug":"macau-gaming-credit-bill-likely-to-take-effect-in-early-2024","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-credit-bill-likely-to-take-effect-in-early-2024","title":{"rendered":"Macau gaming credit bill likely to take effect in early 2024"},"content":{"rendered":"\n<p>Macau lawmakers target restrictions on casino credit with hefty fines for violations.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Legislators in Macau are still <strong>working on a new gaming credit bill<\/strong>, which is likely to be implemented early next year. The legislation aims to crack down on unauthorised third parties issuing credit to gamblers.<\/p>\n\n\n\n<p>The bill <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-new-gaming-credit-bill-passes-first-reading\" target=\"_blank\">passed its first reading<\/a>\u00a0in May. Only gaming concessionaires and their affiliated junkets will be permitted to provide credit to players. Any violation could result in\u00a0a maximum fine of MOP5m (US$620,000).<\/p>\n\n\n\n<p>According to<strong>\u00a0Chan Chak Mo<\/strong>, the head of the legislative panel responsible for reviewing the bill, the committee is concerned about the monitoring of bank accounts and deposits related to junkets. There is also concern about whether junkets would require licences.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau lawmakers target restrictions on casino credit with hefty fines for violations.<\/p>\n","protected":false},"author":176,"featured_media":21187,"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 are advancing a new gaming credit bill, anticipated for early next year, to restrict credit issuance exclusively to gaming concessionaires and their affiliated junkets. The legislation aims to curb unauthorized third-party credit, imposing fines up to MOP5m (US$620,000) for violations, while also addressing concerns regarding junket bank account monitoring and licensing requirements.","focusai_entities":"Chan Chak Mo","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.9), payments_fraud_aml (0.8), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Junket Licensing Impact?","query":"What specific criteria will be established for junket licensing under the new credit bill, and how will this affect existing junket operations and market consolidation?"},{"label":"Operational Compliance Challenges?","query":"What are the anticipated operational and technological challenges for concessionaires in monitoring junket bank accounts and deposits to ensure compliance with the new credit regulations?"}],"footnotes":""},"categories":[16338,154],"tags":[23911,23906],"class_list":["post-777010860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legislation-news","tag-gambling-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010860","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=777010860"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010860\/revisions"}],"predecessor-version":[{"id":777041014,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010860\/revisions\/777041014"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21187"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}