{"id":777014187,"date":"2024-03-22T09:29:36","date_gmt":"2024-03-22T12:29:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014187"},"modified":"2026-04-22T11:46:14","modified_gmt":"2026-04-22T14:46:14","slug":"macau-junkets-oppose-gaming-credit-bill","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-junkets-oppose-gaming-credit-bill","title":{"rendered":"Macau junkets oppose gaming credit bill"},"content":{"rendered":"\n<p>Junket organisers argue that the current system benefits the city.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Junket operators have expressed opposition to the bill on <a href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-new-gaming-credit-bill-passes-first-reading\" target=\"_blank\" rel=\"noreferrer noopener\">credit for gambling<\/a>. They have written the city&#8217;s Legislative Assembly to protest at being banned from granting credit. <strong>Chan Chak Mo<\/strong>, president of the Legislative Assembly&#8217;s 2nd Standing Committee, has confirmed receipt of the letter.\u00a0<\/p>\n\n\n\n<p>The proposed legislation would allow only gaming concessionaires to provide credit to players. Any violation of this provision could result in\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/new-macau-bill-proposes-sanctions-for-casino-credit-breaches\" target=\"_blank\" rel=\"noreferrer noopener\">a maximum fine of MOP5m (US$620,000)<\/a>. The government&#8217;s rationale revolves around mitigating risks, but junket operators say the existing system boosts Macau&#8217;s gaming tax revenues. A <strong>final vote\u00a0<\/strong>at the Legislative Assembly is set for April. I<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Junket organisers argue that the current system benefits the city.<\/p>\n","protected":false},"author":176,"featured_media":777014182,"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 considering a bill to prohibit junket operators from granting credit, reserving this right exclusively for gaming concessionaires. Junket operators have formally protested, arguing the current system significantly contributes to Macau's gaming tax revenues, while the government cites risk mitigation as its rationale. A final vote is scheduled for April.","focusai_entities":"Chan Chak Mo, Legislative Assembly, 2nd Standing Committee","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), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on Macau GGR?","query":"What is the projected impact on Macau's GGR and NGR if junkets are prohibited from extending credit, considering their historical contribution to VIP volume?"},{"label":"Concessionaire credit adaptation?","query":"How will gaming concessionaires adapt their B2C credit risk assessment and collection frameworks to absorb the volume previously managed by junket operators?"}],"footnotes":""},"categories":[16338,439],"tags":[23911,23906],"class_list":["post-777014187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-gambling-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014187","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=777014187"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014187\/revisions"}],"predecessor-version":[{"id":777014227,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014187\/revisions\/777014227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014182"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}