The bill, which introduces many new requirements for Macau junket operators, including the maximum commission cap, was approved in the first reading.
The bill was approved by the SAR legislative assembly with a 30-to-1 vote.
The new control imposes further scrutiny on the junket operator and sets a fixed maximum fee for the junket.
The Secretary of the Economy and Finance will choose this maximum fee rate at a later date.
In addition, there are a certain number of junkets for each concessionaire, which are selected annually by the Game Inspection and Coordination Bureau (DICJ).
DICJ also examines Junket and its partners, senior employees, and holders of more than 5% of the shares.
In particular, we will investigate the “character and reputation” of these companies, employees and shareholders, and the “founded allegations” of illegal activity.
The junket also has a stake capital of at least 10 million MOP (945,962 / € 1.1 million / $ 1.2 million) and must be managed by a permanent resident of Macau.
Under this bill, junket licenses are now issued by the Secretary of the Economy and Finance, not the DICJ, but the DICJ has the authority to suspend the license.
In addition, the bill makes it a crime for junkets to receive cash deposits directly from customers.
Each junket business can also promote only one concessionaire.This rule is It contains With another bill to amend Macau Gambling lawWhich approved In the first reading in January.
In addition, the bill introduces new rules for satellite casinos. The agreement between the satellite casino and one of Macau’s three concessionaires must be approved by the Chief Executive Officer of the SAR.
The game amendment bill Completely remove the satellite casino systemAllows 6 full concessions instead of 3 concessions with 3 sub-concessions.
The junket in Macau is Arrest of Sun City Chairman Alvin ChowIt led to him Resignation From the company.
Chau was suspected of leading a group that created an illegal live betting platform in the Philippines and attracted customers from mainland China via Macau-based junkets. The group is then alleged to have used a local bank account to transfer revenue from the business.
In addition to Chau, Chan Weng Lin, Chief Executive Officer of the Tak Chun Junquet Group arrested.. Similar to illegal gambling crimes, Chan was accused by Macau authorities of directing a triad organization.
