Proposed Macau regulations make junket biz hard: experts

Proposed new licensing terms and regulatory requirements for Macau’s authorised junket entities, known locally as gaming promoters, will make it harder for them to conduct business, suggested respectively a junket trade group leader, and two gaming lawyers, in comments to GGRAsia.

The fresh conditions are in a new consolidating bill called “Regime for the exploitation of games of chance” that also covers so-called satellite casinos, and is due to have its first reading on Wednesday in the city’s Legislative Assembly.

The measure is separate from the gaming law amendment bill already going through the assembly. The government has said previously that Macau’s gaming framework needs to be updated as a linked issue to a fresh public tender process for Macau gaming rights.

Kwok Chi Chung, president of the Macau Association of Gaming and Entertainment Promoters, told GGRAsia that he identified several “negative” implications for the junket trade from the new consolidating bill.

Source: https://www.ggrasia.com/proposed-macau-regulations-make-junket-biz-hard-experts/