{"id":777014118,"date":"2024-03-20T08:26:54","date_gmt":"2024-03-20T11:26:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014118"},"modified":"2026-04-22T11:52:12","modified_gmt":"2026-04-22T14:52:12","slug":"final-vote-on-macau-gaming-credit-bill-to-be-held-in-april","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/final-vote-on-macau-gaming-credit-bill-to-be-held-in-april","title":{"rendered":"Final vote on Macau gaming credit bill to be held in April"},"content":{"rendered":"\n<p>The bill aims to establish a legal framework for granting credit for gambling.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<strong>Chan Chak Mo<\/strong>, the head of the legislative panel responsible for reviewing Macau&#8217;s gaming credit bill, has announced that amendments will <strong>undergo a final vote <\/strong>at the Legislative Assembly in April. Introduced by the Executive Council last year, the amendments aim to establish a legal framework governing the extension of credit associated with games of chance.\u00a0<\/p>\n\n\n\n<p>Only gaming operators will be allowed to offer credit, with junkets to be relegated to the role of agents for casino operators for guest acquisition and reception. Each partnership will have to be reviewed and approved by authorities, and the government will have the authority to modify contracts based on principles of legality and public interest. <\/p>\n\n\n\n<p>The bill\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-new-gaming-credit-bill-passes-first-reading\" target=\"_blank\" rel=\"noreferrer noopener\">passed its first reading<\/a>\u00a0in May.\u00a0Chan Chak Mo said a letter of dissent had been signed by several junket operators, who argue that preserving their ability to extend credit could bolster government tax revenue.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-presents-new-illegal-gambling-legislation-with-tougher-penalties\" rel=\"noreferrer noopener\">Macau presents new illegal gambling legislation with tougher penalties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bill aims to establish a legal framework for granting credit for gambling.<\/p>\n","protected":false},"author":176,"featured_media":10582,"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 panel head, Chan Chak Mo, announced that amendments to the gaming credit bill will undergo a final vote in April. This legislation aims to establish a legal framework allowing only licensed gaming operators to extend credit, significantly redefining the role of junkets to mere agents for guest acquisition. The government will retain authority to review and modify operator-junket partnerships, despite dissent from junket operators regarding potential tax revenue implications.","focusai_entities":"Chan Chak Mo, Executive Council, Legislative Assembly, Junket operators","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GGR\/NGR Impact?","query":"What are the projected impacts on Macau's GGR and NGR, particularly from the VIP segment, given the junkets' redefined role and operators' sole credit provision?"},{"label":"B2B Licensing Impact?","query":"How will the new regulatory framework for operator-junket partnerships influence B2B licensing requirements and the due diligence processes for these collaborations?"}],"footnotes":""},"categories":[16338,154],"tags":[23911,23906],"class_list":["post-777014118","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\/777014118","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=777014118"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014118\/revisions"}],"predecessor-version":[{"id":777014149,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014118\/revisions\/777014149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/10582"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}