Macau Tightens Grip on Illegal Money Exchange with New Casino Law In a decisive move to safeguard its gaming industry, the Macau Government has announced the introduction of a new legal provision aimed at criminalizing illegal money exchanges within its casinos. This proposed legislation, if passed, will impose severe penalties, including up to five years’ […]
In a significant legal turn, the Court of Second Instance in Macau has rewritten the fate of former junket boss Levo Chan and his co-defendants, unraveling a complex web of convictions and acquittals. This courtroom drama saw Chan’s prison sentence reduced, fraud charges dismissed, and a noteworthy increase in the government’s compensation claims. As we […]
Major shake-up in Macau’s gaming industry! Strict new regulations see gaming junkets cut by half. Learn how Macau is transforming its VIP gambling sector. Dive into the details of Macau’s stringent new junket policies. Macau’s Gaming Junkets Undergo Drastic Reduction Amid New Regulations Macau, the renowned gaming hub, has experienced a significant shift in its […]
Macau lawmakers have given their approval to the initial reading of a legislation called “Legal Regime of Credit Concession for Gambling in Casinos.” This bill targets the unauthorized provision of credit to gamblers by third parties and intends to enforce stricter regulations in this regard. The bill, anticipated to take effect in early next year, […]
The Macau government has introduced a bill that, if approved, would replace an existing gaming credit law. The proposed bill specifically requires junket operators to establish formal contracts when extending credit to players. This is part of the government’s efforts to regulate and oversee the junket industry, potentially mitigating risks associated with illegal activities and […]