Gaming credit law changes to reflect measures banning junkets from accepting player deposits
Monday 09 de May 2022 / 08:00
2 minutos de lectura
(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.
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
Tags: Sin tags
País: Macao
Event
SBC Summit Americas 2025
13 de May 2025
Uplatform Aims to Redefine iGaming Success with Networking, Localization, and Customer Journey Mapping
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas, Uplatform emphasized the power of strategic networking, data-driven localization and CJM to help operators thrive in the competitive iGaming market. María, Head of Marketing, shares how understanding regional nuances and focusing on overlooked player touchpoints can elevate brands from mere presence to lasting trust. Dive into her insights on industry trends, innovation, and why creativity is a rare gem in expos.
Monday 16 Jun 2025 / 12:00
ProntoPaga Drives the Fintech Revolution with SmartPIX and SmartRouting in LATAM
(Fort Lauderdale, SoloAzar Exclusive).- Evans Concha, CTO and Founder of Pronto Paga, shared the main innovations launched this year and how they impact the regional fintech industry. With a firm commitment to new technologies and cybersecurity, the company is positioning itself as a leader in the sector. Discover how it is redefining the future of digital payments in this article.
Friday 13 Jun 2025 / 12:00
Pay4Fun consolidates its position as a 100% Pix Payment Gateway and expands its reach in LatAm
(Fort Lauderdale, SoloAzar Exclusive).- Pay4Fun strengthens its position as a 100% Pix payment gateway with direct integration with the Central Bank, guaranteeing maximum security and efficiency in transactions. At SBC Summit Americas, Leonardo Baptista highlights the role of networking and innovation in an environment where technology and regulation are key. Discover how Pay4Fun is shaping the future of digital payments.
Thursday 12 Jun 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.