Tuesday, January 31, 2023 - Login

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.  

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief