Management companies will not be allowed to give credit to high-rollers under a new amendment to the law on gaming credit.
The proposal was announced at the Executive Council last Friday, according to a media report, and if passed will mean that only junket operators and gaming concessionaires will be allowed to extend credit to players.
The head of the Gaming Inspection and Coordination Bureau, Adriano Marques Ho, said the bill “is still in draft form,” but would be put before the legislature for a vote.
[See More: New bill limits junkets’ commission to 1.25%]
Justice Secretary Cheong Weng Chon reportedly denied any connection between the proposed amendment and the high-profile cases of disgraced junket operators Levo Chan and Alvin Chau.
“This law was amended because of the development of the gambling industry, not because the government is trying to amend the law in response to certain criminal cases”, he told a press conference.
Chan and Chau were recently sentenced to 14 years and 18 years respectively for running under-the-table betting operations that deprived the government and casinos of huge sums in lost taxes and revenue.
