{"id":51933,"date":"2022-12-16T09:11:39","date_gmt":"2022-12-16T09:11:39","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=51933"},"modified":"2022-12-16T09:11:39","modified_gmt":"2022-12-16T09:11:39","slug":"the-end-for-macau-junkets-with-new-rules","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/the-end-for-macau-junkets-with-new-rules\/","title":{"rendered":"The End for Macau Junkets with New Rules"},"content":{"rendered":"
\"\"

Macau<\/p><\/div>\n

Thursday in Macau virtually saw the end of junkets in the tiny enclave which is the biggest gambling hub in the world. The Legislative Assembly approved the \u201cExploitation Regime of Games of Chance in Casinos\u201d revision which greatly limits the activities of junkets within casinos for the six concessionaires.<\/p>\n

From now on al junkets will be strictly monitored by the DICJ regulator and officials estimates from the Macau government say that 77% of junket activity will be gone following the decision. Junket operators already had a bad year with tax receipts to the local government totalling just $5.4 million.<\/p>\n

The new restrictions are part of mainland China\u2019s control policy of capital flow out of the country which will affect junket operators revenues and the government in Macau now believe the tax returns from those operators will in the future be even lower than this year\u2019s.<\/p>\n

Also now restricted are the VIP rooms which will now be \u201cSatellite Casinos\u201d and junket operators will be known as \u201cgaming management companies.\u201d Those companies will only be allowed to work with one single concessionaire and not multiple ones as in the past and revenue sharing agreements will be prohibited.<\/p>\n

Exactly how this will affect junket operators is not known yet but insiders there believe this will mark the end of the majority of them with the new rules.<\/p>\n","protected":false},"excerpt":{"rendered":"

Thursday in Macau virtually saw the end of junkets in the tiny enclave which is the biggest gambling hub in the world. The Legislative Assembly approved the \u201cExploitation Regime of Games of Chance in Casinos\u201d revision which greatly limits the activities of junkets within casinos for the six concessionaires. From now on al junkets will […]<\/p>\n","protected":false},"author":3,"featured_media":26363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,11,8,7],"tags":[],"class_list":["post-51933","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-headlines","category-latest","category-macau"],"yoast_head":"\nThe End for Macau Junkets with New Rules - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/the-end-for-macau-junkets-with-new-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The End for Macau Junkets with New Rules - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"Thursday in Macau virtually saw the end of junkets in the tiny enclave which is the biggest gambling hub in the world. The Legislative Assembly approved the \u201cExploitation Regime of Games of Chance in Casinos\u201d revision which greatly limits the activities of junkets within casinos for the six concessionaires. 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