Already facing considerable headwinds due to the COVID-19 pandemic and a focused crackdown...

Draft gaming law suggests further contraction of Macau junket industry: analysts – IAG – Inside Asian Gaming

Already facing considerable headwinds due to the COVID-19 pandemic and a focused crackdown on cross-border gambling activities by mainland Chinese authorities, Macau’s junket industry will contract even further under proposed changes to the gaming law, analysts say. The draft law enters 45 days of public consultation from today (Wednesday), with proposed changes focusing on areas of social responsibility, non-gaming development, strengthening government supervision and strengthening penalties for violation. The latter of those looms large for junkets, with the government looking to clamp down on the practice of VIP rooms accepting player deposits and to hold concessionaires more accountable for the …

 

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