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Insiders wary of potential criminalization of illicit money exchange in Macau
Macau gaming industry insiders are wary of the potential criminalization of illicit money exchange in Macau as Macau’s Secretary for Security suggested the possibility of criminalizing such activities around casinos.
Macau gaming law tweaks seen as little more than a bandaid
Macau legislators proposed two key amendments to the city’s gaming law bill this week, but both are seen as short-term patches that do little to help solve some of the larger issues facing the industry.
Chan in support to CE powers to revoke gaming licenses
Felix Ng -
Macau legislator Chan Chak Mo has supported the proposal that grants the Macau chief executive discretionary powers to revoke gaming concessions should they breach national security, administrative sanctions, or other contractual obligations.
Some China cities slowing Macau IVS issuance: J.P. Morgan
Some Mainland Chinese cities appear to be slowing or tightening the issuance of Macau individual visit scheme visas (IVS), although there is not enough evidence yet to draw meaningful conclusions, J.P. Morgan analysts wrote in a note.
Macau government to have power to reduce gaming tables or slot numbers
Felix Ng -
Macau lawmaker Andrew Chan Chak Mo says that the gaming industry amendment bill will give powers to the government to put a maximum cap on gaming tables and slot machines, as well as reducing individual table numbers and slot machines for concessionaires based on their usage.
Macau illegal gambling law imposes fines for gambling in public places
Macau's new illegal gambling bill aims to impose fines for gambling activities in parks and other public places.
Macau lawmakers confirm non-profit mahjong play as legal
Macau lawmakers have confirmed that playing mahjong is not illegal when it is played without any profit-making purpose.
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.
Macau Government proposes barring junkets from providing gaming loans
The Macau SAR government has proposed to completely bar junket operators from loaning money for gaming purposes, members of the Legislative Assembly Second Standing Committee recently revealed.
Macau finishes discussing draft law that includes digital currency
The second standing committee of Macau's Legislative Assembly (AL) has concluded the discussion on the “Legal Regime for the Establishment and Issuance of Currency”, with the current draft applying to digital currency.