Macau tells junkets to step up scrutiny of agents

Macau regulators are strictly enforcing a rule requiring junket operators to ensure that their agents do not have criminal records, according to media reports.

The Gaming Inspection and Coordination Bureau issued a formal notice to junkets on Dec. 19th saying they would be required to file documentation verifying no criminal activities.

The rule is not new and the edict was intended to remind the junkets of their obligations under the law, Bloomberg cited DICJ spokesperson Wendy Wong as saying.

The move follows a visit by Chinese President Xi Jinping in December, who also urged Macau to improve regulation of its casino industry and diversify its economy.

The junkets have played a vital role in facilitating gambling among China’s high-rollers, providing credit and liquidity in the system.

However the system has been hit hard as VIP gamblers have gone to ground following a crackdown on corruption on mainland China.  

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