• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau bill still lets junkets process patron cash, chips

Aug 15, 2022 Newsdesk Latest News, Macau, Top of the deck  


Macau bill still lets junkets process patron cash, chips

Macau plans to allow in future junket operators and their collaborators to deposit cash or gaming chips on behalf of their patrons, provided such processing is only via customer accounts established with the gaming concessionaires, said veteran legislator Chan Chak Mo, in comments to local media on Monday.

Mr Chan was citing comments by the city’s casino regulator, on how a consolidating bill – that covers licensing and regulatory matters for junkets and so-called satellite casinos – will work in terms of day-to-day gaming operations. Mr Chan’s remarks following a closed-doors meeting with several Macau government officials on Monday. The legislator heads a Legislative Assembly committee tasked with scrutinising the government-proposed bill.

“Junkets still can… on behalf of their patrons, deposit their [patrons'] cash or gaming chips in accounts established at concessionaires, for the purpose of gambling. This rule also extends to collaborators,” said Mr Chan, citing an explanation from the casino regulator, the Gaming Inspection and Coordination Bureau, shared with his committee on Monday.

In Macau, ‘collaborators’ are traditionally sub-agents that have worked with junkets, to bring in high-value players.

Mr Chan added, citing the regulator’s explanation: “Junket operators and their collaborators have to be able to show that they are authorised [by their patrons] to access the patrons’ accounts, or withdraw money from the account for them, or help them to exchange gaming chips.”

He further noted: “The junkets are allowed to do those [things] now, and will continued to be allowed to do so in future.”

The future exclusive role of casino concessionaires – rather than junkets – as player-account gatekeepers for anti-money laundering and other regulatory purposes, was mentioned on Friday, in the context of a Macau government-proposed additional article to the consolidating bill.

Concessionaires will not be permitted to offer capital interest or other monetary reward to players in return for holding their money or gambling chips. Any person or entity trying to do so would be considered as being involved in an act of “illegal taking of deposits”; a crime punishable by up to five years in prison, according to the bill.

Junket operators, their collaborators, and also ‘management companies’ – the latter that historically have provided management services at satellite casinos – are also specifically barred from directly-holding player deposits, and from offering financial inducement to players in that regard.

Mr Chan had told local media on Friday that he expected the bill would be given a second and final reading and be passed, at a Legislative Assembly plenary session either in “October or mid November”.

The provisions of the bill, once it is passed, would come into effect at the same time as a new round of up to six, 10-year, gaming concessions that are likely to start in January.


  • tweet
Related articles
  • Macau November GGR down 18pct on October: govt
    Macau November GGR down 18pct on...

    Dec 01, 2023  

  • Macau October GGR marks post-Covid monthly record
    Macau October GGR marks post-Covid...

    Nov 01, 2023  

More news
  • Singapore 2024 casino revenue to rise 10pct y-o-y says Fitch
    Singapore 2024 casino revenue to rise...

    Dec 07, 2023  

  • Pragmatic Play launches Lucky 6 Roulette with a twist
    Pragmatic Play launches Lucky 6...

    Dec 07, 2023  


Latest News

Singapore 2024 casino revenue to rise 10pct y-o-y says Fitch

Singapore 2024 casino revenue to rise 10pct y-o-y says Fitch

Dec 07, 2023  

Fitch Ratings Inc expects gaming revenue in Singapore’s duopoly casino market to expand by 10 percent year-on-year in U.S. dollar terms in 2024, “following a return to over 15 percent higher than...
Read More
Pragmatic Play launches Lucky 6 Roulette with a twist

Pragmatic Play launches Lucky 6 Roulette with a twist

Dec 07, 2023  

McFadden now senior advisor for development at SJM Resorts

McFadden now senior advisor for development at SJM Resorts

Dec 07, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”If they [Star Sydney] can’t prove they are capable of operating with a conditional licence over the next six months, the manager will be retired, and the doors will close”

New South Wales Independent Casino Commission



Most Popular

  • Ben Toh COO of SJM Resorts, Christopher Ip CFO at parentBen Toh COO of SJM Resorts, Christopher Ip CFO at parent December 6, 2023
  • LVS to pay up to US$250mln to boost control in Sands ChinaLVS to pay up to US$250mln to boost control in Sands China December 6, 2023
  • Macau 4Q mass GGR might rise 10pct q-o-q: JP MorganMacau 4Q mass GGR might rise 10pct q-o-q: JP Morgan December 5, 2023
  • McFadden now senior advisor for development at SJM ResortsMcFadden now senior advisor for development at SJM Resorts December 7, 2023
  • Soil remediation work starts at MGM Osaka siteSoil remediation work starts at MGM Osaka site December 5, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us