The Legislative Assembly of Macau has unanimously approved fresh gaming credit legislation set to take effect on August 1st of this year.

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

Player reinvestment or lines of credit? Operators in Macau are getting out the sets of scales to see how heavily they want to balance each end in order to increase their market share.

Gaming operators in Macau are pulling out all the stops to get customers, with their player reinvestment (PRI) schemes, effectively comping, reaching stunning figures as each vies for market share. Expert Ben Lee notes that the process isn’t new, but that different operators choose different ways to mask their programs.

Lawmakers in Macau gave their first nod to a new bill regulating gaming credit on Thursday, marking the first step in its passage. Lawmaker Ron Lam U Tou is pushing for more protection for lenders by including gaming operators and junkets in the Credit Data Platform for banks that came into service on January 1st of this year.

Macau's draft bill on casino concessionaire and junket-issued credit for gambling reduces regulatory uncertainties, says a gaming expert.

Macau is further tightening its gaming legislation, now mandating that satellite casinos and junket operators are prohibited from offering lines of credit to punters. Under the new changes, only concessionaires themselves, or junkets who have signed credit provision agreements with concessionaires will be able to provide any form of credit to clientele.

The amendments to Macau's gaming law reduce regulatory uncertainties and are therefore a credit positive for the listed gaming operators, Moody's said in a note.

Macau's narrow economic base and its high concentration of tourists from China restrain the city's credit rating and have contributed to historically high levels of gross domestic product volatility, Fitch Ratings says.

The Isle of Man continues to be a hotspot jurisdiction for licensing, but the process isn't for just anyone, notes the CE of the Digital Isle of Man. Other jurisdictions are aiming to get a piece of that pie, but there's already a backlog of companies awaiting their licensing.