{"id":777011964,"date":"2023-12-18T09:14:31","date_gmt":"2023-12-18T12:14:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011964"},"modified":"2026-04-22T14:37:59","modified_gmt":"2026-04-22T17:37:59","slug":"macau-evaluates-proposed-new-credit-regime-for-casinos","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-evaluates-proposed-new-credit-regime-for-casinos","title":{"rendered":"Macau evaluates proposed new credit regime for casinos"},"content":{"rendered":"\n

A bill aims to establish a legal framework for granting credit.<\/p>\n\n\n\n\n\n\n\n

Macau.- Members of the Legislative Assembly Second Standing Committee<\/strong> are evaluating a new Legal regime for credit concession in casinos. The bill has passed the legislature\u2019s first reading and is expected to be implemented in April.<\/p>\n\n\n\n

Only gaming concessionaires would be allowed to offer credit. The legislation was proposed.by the Executive Council in April.<\/p>\n\n\n\n

TDM Radio reported after a committee meeting on Friday, that legislator and committee chairman Chan Chak Mo<\/strong> said authorities proposed significant amendments to the draft bill.<\/p>\n\n\n\n

According to the current version of the bill being reviewed by a Legislative Assembly panel, a junket operator will be permitted to enter into an agreement with the casino company it represents for credit extension.<\/p>\n\n\n\n

Chan Chak Mo said that gaming concessionaires will be recognised as the sole entity responsible. \u201cIn the future, only concessionaires will be able to provide gamblers with chips, and intermediaries will no longer have the ability to do so<\/strong> in a personal capacity,” he said.<\/p>\n\n\n\n

Promoters would no longer provide chips but would still be able to assist gaming operators in finding or accommodating gamblers, among other roles.<\/p>\n\n\n\n

Under the new legislation, Macau authorities would have the legal authority to review and approve each partnership between gaming concessionaires and junkets. The government would also be able to require casino operators to modify the content of agency contracts based on principles of legality and public interest.<\/p>\n\n\n\n

See also: <\/strong>Macau proposes new penalties for illegal gambling<\/a><\/p>\n\n\n\n

Chan said the establishment of related agency appointment contracts and supplementary documents, as well as future amendments, would require approval from the Secretary for Economic and Financial Affairs.<\/p>\n","protected":false},"excerpt":{"rendered":"

A bill aims to establish a legal framework for granting credit.<\/p>\n","protected":false},"author":226,"featured_media":26708,"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 Legislative Assembly is evaluating a new legal framework for casino credit concession, expected to be implemented in April. The proposed legislation will restrict credit provision solely to gaming concessionaires, significantly altering the operational model for junket operators who will no longer personally extend credit but can assist in player sourcing. This framework also grants Macau authorities explicit power to review and approve all concessionaire-junket partnership agreements.","focusai_entities":"Legislative Assembly Second Standing Committee, Executive Council, TDM Radio, Chan Chak Mo, Secretary for Economic and Financial Affairs","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), payments_fraud_aml (0.85), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"VIP GGR Impact","query":"What is the projected impact on Macau's VIP GGR and NGR from the altered junket operational model and direct concessionaire credit liability?"},{"label":"Credit Risk Adaptation","query":"How will Macau gaming concessionaires adapt their internal credit risk assessment and AML frameworks to assume direct credit liability and manage associated enterprise risks?"}],"footnotes":""},"categories":[16338,154],"tags":[257],"class_list":["post-777011964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legislation-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011964","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011964"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011964\/revisions"}],"predecessor-version":[{"id":777011970,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011964\/revisions\/777011970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26708"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}