Macau gaming credit bill likely to be enforced early next year – Lawmaker
Friday 03 de November 2023 / 12:00
2 minutos de lectura
(Macau).- Macau lawmakers are pushing for the gaming credit bill to take effect at the beginning of next year, a lawmaker studying the details of the bill told media on Friday.
The bill designed to prohibit casino management companies from providing credit passed its first reading in May.
The bill seeks to ban casino management firms, such as those running satellite casinos on behalf of gaming concessionaires, extending credit to gamblers, with only junkets and concessionaires themselves allowed to do so.
“The committee is concerned about the scrutiny and regulation of bank accounts and deposits from junkets, as well as whether junkets will need to obtain licences in the future as soon as the bill is passed,” said Chan Chak Mo, a lawmaker who heads the panel of legislators poring over the bill.
The bill, which is expected to be given a second reading soon, also intends to introduce a penalty system for breaches.
According to the penalty system, a gaming company will face a fine ranging from MOP2 million (US$246,000) to MOP5 million if it carries out credit operations or qualifications through a third party.
Similarly, if a junket violates related rules, it will be subject to a fine ranging from MOP600,000 to MOP1.5 million.
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
SiGMA Central Europe
03 de November 2025
NOVOMATIC Italia showcases innovation and responsible growth at SiGMA 2025
(Gumpoldskirchen/Rome).- NOVOMATIC Italia took center stage at SiGMA Central Europe 2025 in Rome (November 4–6), a premier international event for the gaming and digital technology industry. The Group highlighted ADMIRAL Pay, its Bank of Italy–authorized payment institution, alongside Quigioco, its online gaming brand, presenting a forward-looking and sustainable vision for the future of payments and digital entertainment.
Wednesday 12 Nov 2025 / 12:00
SiGMA Central Europe 2025 Closes First Edition with High Attendance and Roman-Inspired Experiences
(Rome, Exclusive SoloAzar) - The first edition of SiGMA Central Europe in Rome came to a close, leaving a strong impression on the iGaming industry. With thousands of attendees, six pavilions brimming with innovation, and an atmosphere that paid homage to Roman history, the event combined spectacle, networking, and business opportunities. It also yielded key lessons for future editions.
Friday 07 Nov 2025 / 12:00
Innovation, Investment, and AI Take Center Stage on Day 3 of SiGMA Central Europe
(Rome, SoloAzar Exclusive).- November 6 marks the final and most dynamic day of SiGMA Central Europe 2025, with a packed agenda that blends cutting-edge tech, startup energy, and investor engagement. With exhibitions, conferences, and networking opportunities running throughout the day, Day 3 promises to close the event on a high note.
Thursday 06 Nov 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.