{"id":777014736,"date":"2024-04-15T09:05:34","date_gmt":"2024-04-15T12:05:34","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014736"},"modified":"2026-04-22T11:09:47","modified_gmt":"2026-04-22T14:09:47","slug":"macau-legislative-assembly-approves-gaming-credit-bill","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-legislative-assembly-approves-gaming-credit-bill","title":{"rendered":"Macau Legislative Assembly approves gaming credit bill"},"content":{"rendered":"\n<p>The legislation will enter force on August 1.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The Legislative Assembly has passed the\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-proposes-new-bill-on-casino-credit-and-junket-contracts\" target=\"_blank\" rel=\"noreferrer noopener\">bill on casino credit and junket contracts<\/a>\u00a0(the Legal Regime of Credit Concession for Gambling in Casinos). The bill received 29 votes in favour and will come into effect on August 1.\u00a0<\/p>\n\n\n\n<p>Only gaming concessionaires and their affiliated junkets will be permitted to provide credit to players. Non-affiliated junkets and management companies, including third-party promoters of satellite casinos, will be prohibited from offering credit.\u00a0<\/p>\n\n\n\n<p>Any violation of the 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>. A new amendment added to the bill gives Macau\u2019s chief executive the authority to terminate any casino concessionaire\u2019s right to grant gambling credit to customers.<\/p>\n\n\n\n<p>Legislator\u00a0<strong>Chan Chak Mo<\/strong>, head of the legislative panel responsible for reviewing the bill, said that under Macau&#8217;s revised regulatory framework for gaming introduced with operators&#8217; new 10-year concessions that began in January 2023, the role of junkets is only to &#8220;assist&#8221; concessionaires.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The legislation will enter force on August 1.<\/p>\n","protected":false},"author":176,"featured_media":19174,"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 has passed new legislation, effective August 1, restricting casino credit provision exclusively to gaming concessionaires and their affiliated junkets, while prohibiting non-affiliated entities. This regulatory shift, part of Macau's revised gaming framework, also grants the Chief Executive authority to revoke a concessionaire's credit-granting rights, with violations incurring substantial fines up to MOP5m.","focusai_entities":"Legislative Assembly, Chan Chak Mo","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), investor_analyst (0.9), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Impact on GGR","query":"What is the projected impact of restricting credit provision to only concessionaires and affiliated junkets on Macau's overall Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for the remainder of 2023 and 2024?"},{"label":"Junket Business Model","query":"How will the prohibition on non-affiliated junkets and management companies offering credit reshape the operational and financial viability of the remaining licensed junket operators in Macau?"}],"footnotes":""},"categories":[16338,154,158],"tags":[23911,23906],"class_list":["post-777014736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legislation-news","category-slider-home","tag-gambling-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014736","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=777014736"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014736\/revisions"}],"predecessor-version":[{"id":777014740,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014736\/revisions\/777014740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19174"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}