The Macau Legislative Assembly has unanimously passed the “Legal Framework for Operating Games of Chance in Casinos”, the law which regulates the rules of operation of gaming junkets, management companies and gaming agents in Macau. The law, informally known as the Macau junket law, will come into force on 1 January 2023.
The new law stipulates that gaming junket and management companies can only provide services to one of Macau’s six casino concessionaires and that junkets, management companies or agents cannot share casino revenues with the concessionaires and cannot receive deposits from other persons, whether such deposits relate to non-gaming or gaming activities.
The law also introduces the offence of “acceptance of an unlawful deposit”, which is punishable by two to five years imprisonment for any gaming junket, management companies or gaming agent.
