Macau gov’t sets junket limit per gaming provider for 2024

After 2024, any casino firm in the city will only be permitted to collaborate with up to 50 authorized gaming marketers, or “junkets,” according to the Macau government. This information was provided by the Gaming Inspection and Coordination Bureau (DICJ), which is in charge of the Macau casinos.

Each gaming provider’s phone number was displayed on the DICJ website. The local businesses Sands China Ltd and SJM Holdings Ltd will be permitted to collaborate on a maximum of 12 junkets each in 2024. Up to eight tour operators may collaborate with each of MGM China Holdings Ltd. and Melco Resorts & Entertainment Ltd.’s businesses in the next year. Each of Wynn Macau Ltd. and Galaxy Entertainment Group Ltd. is permitted a maximum of five tour partners for 2024.

Sub-agents, sometimes known as “collaborators” in the legal system, are a component of the Macau junket system. These individuals may bring high-value players to junkets that are conducted in casino VIP rooms since they collaborate and know a lot of people. The government has restricted the number of market participants to 250 till 2024. On September 15, there were seven partners listed in Macau, and one more person’s license was being considered.

Official statistics indicate that from January of last year to January of this year, when there were 36 junkets, the number in Macau decreased by 21.7%.

People that assist VIPs in playing games at casinos in Macau are granted licenses by the government. They provide players with playing credit, collect losses from high-stakes games, and ensure that participants have a place to stay, among other things.

The Macau Legislative Assembly approved a law in December that made it simpler to monitor the licensing and activities of casino junket operators. According to the legislation, only businesses—not individuals—may be granted licenses. The number of junket businesses that each casino concessionaire may operate with each year may be limited by the Macau government. The government must also authorize any contracts that gaming concessionaires enter into with junkets.

Each journey to Macau by a group is limited to one betting concessionaire. They are allowed to get up to 1.25 percent of the change from rolling chips in exchange for promoting gaming, but they are not permitted to split casino profits with the casino concessionaire. The new regulations also prohibit junkets from using any area of a casino for their own commercial purposes.

Original story by: GGRAsia