Macau junkets protest against being banned from issuing gaming credit

Macau junkets wrote a letter to the city’s Legislative Assembly to express their opposition to being banned from issuing gaming credit.

According to Chan Chak Mo, president of the 2nd Standing Committee of the Legislative Assembly, the committee is analyzing the proposed law on granting credit for gaming, having received a letter of opposition from gambling promoters.
The new version of the proposed law provides that gambling promoters will no longer be eligible to grant credit in casinos, contrary to current practice. The government decided to change the stipulations in December of last year and also began to prohibit gaming promoters from being eligible to grant credit for reasons of “risk” and “healthy development of the gaming industry”.
According to reports, Chan Chak Mo confirmed receipt of the gaming promoters' opinion, indicating that they consider that “the current practice [of being allowed] to grant credit has been effective, having contributed to increasing the Macau SAR's gaming tax revenues; therefore, their eligibility for credit should be maintained.”

Macau China crackdown Latest news Junkets Gaming credit

Accelerating currency drop of renminbi pressures Macau tourism market
_2025-01-07UN report reveals growing presence of organized crime in pacific islands casino projects
_2025-01-06Macau GGR to grow 8% in 2025, backed by increasing travel spending: Goldman Sachs
_2025-01-03The overnight disappearance of 8XBet: a brand shrouded in controversy
_2025-01-02Macau’s gaming industry on track for strong 2025 kickoff: Citigroup
_2025-01-02China's president urges Macau to continue diversification drive away from gaming
_2024-12-20

Open in new window
View settings