On January 18th, the Legislative Assembly of Macau published the draft bill called “Amendment to Law No. – Legal framework to the exploitation of games of chance in casinos”. The proposed changes, which would have to be approved by the local Legislature before being turned into law, neteller canada bling regulations in the world’s largest hub.
The move comes ahead of the renewal of the bidding process for the six casino operating licenses in the special administrative region. Also, the Legislative Assembly published the draft bill only days after the Government lifted the curtain on a number of key issues, including the number of concessions that would be granted by the authorities after the current casino permits expire in , as well as the duration of the new casino licenses. As CasinoGamesPro already reported, Macau officials at the time confirmed that up to six casino operating permits would be granted for a period of 10 years with the possibility of a 3-year extension of the license in case of exceptional circumstances.
The draft bill was published in both Traditional Chinese and Portuguese. It provides more details about the regulation of the local gambling industry, including some new rules regarding controversial junket operators. Last Friday, when the Government shared some details about the considered changes, it became clear that the new gaming law amendments would seek to suspend so-called VIP junket rooms in the special administrative region-based casinos and revenue share agreements between casino and junket operators.
The proposed piece of legislation aims at providing more clarity on the role of junket operators that have been operating in Macau for years, acting as intermediaries who have been tasked with attracting high-roller gamblers from mainland China to Macau. If the draft bill is signed into law, casino operators in the special administrative region would no longer be allowed to feature so-called dedicated junket rooms. Continue reading