Newly licensed junkets<\/a> are currently required to pay a MOP 100,000 deposit ($12,420). But under a proposal, that number would be increased 6,100 percent to MOP 50 million ($6.2 million).<\/p>\n<\/div>\nAlready licensed junkets wouldn’t be required to pay the difference, as the new regulation would apply onto to new touring group applicants. The deposit change is to keep smaller firms from entering the industry, and therefore requiring more oversight from the DICJ.<\/p>\n
Junkets were at the center of Chinese President Xi Jinping’s anti-corruption crusade as it related to Macau. Closer scrutiny of junket operations led to a drastic reduction in VIPs traveling to the enclave, and subsequently led to the closure of dozens of touring companies. Now to re-enter, they might be forced to raise over $6 million just for their local government deposit.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau Gaming Inspection and Coordination Bureau (DICJ) Director Paulo Martins Chan says there are no plans to develop some type of permit to issue VIP junket group “collaborators” that currently work in conjunction with the casino market’s six licensed operators. Speaking at a legal event at the University of Macau, Chan told reporters that the […]<\/p>\n","protected":false},"author":42,"featured_media":64512,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,60,18,1],"tags":[],"acf":[],"yoast_head":"\n
Macau Gaming Official Says Junket Collaborators Will Remain Unlicensed<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n