Legislation

Gaming credit law changes to reflect measures banning junkets from accepting player deposits

Monday 09 de May 2022 / 08:00

⏱ 1 min read

(Macau).- Macau’s Legislative Assembly has flagged plans to amend the gaming credit law to remove potential conflicts with changes being made to the city’s junket law.

Gaming credit law changes to reflect measures banning junkets from accepting player deposits

During discussions on the junket bill “Legal Framework for Operating Games of Chance in Casinos” on Friday, the Second Standing Committee of the Legislative Assembly referred to Article 60 which mentions that the gaming credit law – which states that both concessionaire and junkets are allowed to engage in lending practices – will be amended in due course.

Committee Chairman Chan Chak Mo told reporters after the meeting that the gaming credit law must be changed so reflect the “Legal Framework for Operating Games of Chance in Casinos”, which specifically states that only concessionaires can accept player deposits.

“In the future, junkets will only be able to bring gamblers to the casino and exchange chips, but deposits can only be placed with the concessionaire,” Chan said, stressing that this matches with the original purpose of the law in ensuring the healthy development of the gaming industry.

Chan Chak Mo also revealed on Friday that the government intends to amend Law No. 8/96/M on “illegal gambling” with the aim of completely prohibiting illegal side-betting.

Categoría:Legislation

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País: Macao