Macau gaming credit bill likely to be enforced early next year – Lawmaker
Friday 03 de November 2023 / 12:00
⏱ 1 min read
(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
AffPapa Conference Madrid 2026
18 de May 2026
"Industry Referees for a Day" Boosts Networking at AffPapa Madrid 2026
(Madrid, SoloAzar Exclusive).- At the AffPapa Conference Madrid 2026, held May 18–20 in Spain, SoloAzar once again embraced interactive formats that brought together executives, operators, affiliates, and suppliers from the online gaming industry. This year, the media outlet introduced “Industry Referees for a Day”—a social media video series inspired by soccer and refereeing. Sector leaders were invited to use red, yellow, and green cards to highlight practices that either benefit or harm the iGaming ecosystem, while also sparking fresh networking opportunities among attendees.
Wednesday 03 Jun 2026 / 12:00
Highlights of the AffPapa Conference Madrid 2026
(Madrid)-. From May 18–20, the AffPapa Conference at Novotel Madrid Center transformed the city into an industry hub, featuring side events, two days of discussions, and extensive networking.
Wednesday 03 Jun 2026 / 12:00
BeSoccer explains its participation in AffPapa Conference Madrid 2026
(Madrid, SoloAzar Exclusive).- In an interview with Cristina Cano Meneses, AdOps and Link Building Manager, and Lamin Sane García, Account Manager of BeSoccer, the company's representatives reviewed their participation in AffPapa Conference Madrid 2026, where the firm presented its advertising solutions and strengthened ties with operators, affiliates and strategic partners in the global iGaming and sports betting industry.
Monday 01 Jun 2026 / 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.
