Macau concessionaires face US$615,000 fines should they breach new gaming credit law

Macau concessionaires face US$615,000 fines should they breach new gaming credit law

Article brief provided by Inside Asian Gaming
  • Pierce Chan, Inside Asian Gaming
May 9, 2023 3:13 PM
  • Pierce Chan, Inside Asian Gaming

The Macau SAR Government has introduced a new gaming credit bill which if passed would introduce a number of penalties, including a maximum fine of MOP$5 million (US$615,000), for any breach of the credit law by concessionaires.

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The bill, titled Legal regime of credit concession for gambling in casinos, confirms the government’s updated stance on gaming credit by which only concessionaires will be permitted to issue such credit. Under the law, casino management firms would be prohibited from issuing credit, although licensed junkets would be permitted to enter contracts with concessionaires that would allow them to do so.