Scientific Game

Macau government eyeing greater regulation of gaming industry

Wednesday, 15 November 2017 06:58
Share
Visit us

The Macau government plans to place greater focus on regulation of the gaming industry in 2018, including enhancement of its legal framework and strengthening of supervision on security and diversification.

The topic of regulation was a central topic of two key speeches on Tuesday with Macau Chief Executive Chui Sai On delivering his Policy Address for the Fiscal Year 2018 and Director of the Macau Gaming Inspection and Coordination Bureau, Paulo Martins Chan, the keynote speaker at the MGS Entertainment Show Summit.

“The gaming industry has undergone a transformational change since liberalisation,” Mr Chan said. “With the changing global environment, the DICJ is focused on enhancing the regulatory environment but recognizes that over regulating hinders business development. The DICJ is focusing on continuous enhancement of the legal framework under which the Macau gaming industry operates and is regularly reviewing the gaming law.”

Among the government’s major initiatives in the short term is an audit program of junkets, with agents actively meeting with junket operators this week for anti-money laundering training and “to ensure the legal compliance and financial stability of these junkets.”

Mr Chan also spoke of the DICJ’s ongoing work with the Judiciary Police in the wake of recent shooting incidents at Resorts World Manila and Mandalay Bay in Las Vegas.

The gaming regulator previously announced a raft of new security measures to be introduced to Macau including permanent metal detectors at casino entrances, a special ops team, increased crisis training of staff and the banning of large bags from gaming floors.

Speaking on Tuesday, Mr Chan added that, “The DICJ has resumed its former activity of banning certain people who are engaging in irregular activities and more than 250 people have been banned for conducting irregular activities.”

In his fiscal policy address to the Legislative Assembly, Mr Chui also addressed Macau’s gaming law, stating that the government will comprehensively review and perfect laws and regulations governing the gaming industry, including strengthening supervision and law enforcement utilizing technology and encouraging gaming operators to continue developing non-gaming businesses.

 

 

 

 

 

What's new

Inside Asian Gaming takes a look back at the biggest stories of the past week

Inside Asian Gaming takes a look back at the biggest stories of the past week Inside Asian Gaming takes a look back at the biggest stories of the past week Friday, 23 February 2018 06:55

TGG to deploy content on Solaire Resort & Casino’s gaming floor

TGG to deploy content on Solaire Resort & Casino’s gaming floor Hong Kong’s TGG Interactive has announced a deal with Manila’s Solaire Resort & Casino to integrate the Philippines casino operator to its Asian VIP and middle-class focused digital gaming machine library on the casino floor. In a press release, TGG said that the successful deployment at S... Friday, 23 February 2018 05:20

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes

Saipan gaming commissioner accuses Macau casinos of not reporting real VIP volumes The Executive Director of the Commonwealth Casino Commission (CCC), the gaming regulatory body of the Northern Mariana Islands, has attributed the comparatively enormous VIP rolling chip volumes running through Imperial Pacific International’s (IPI) Saipan casino to Macau operators failing to repo... Friday, 23 February 2018 05:06

Macau’s Chinese New Year visitation grows 6.5%

Macau’s Chinese New Year visitation grows 6.5% Macau’s visitor arrivals surged by 6.5% year-on-year to more than 960,000 during Chinese New Year, including around 710,000 from mainland China, according to preliminary statistics released by the Macao Government Tourism Office (MGTO). The figures cover the seven days of Spring Festival Golden W... Friday, 23 February 2018 04:27

Current Issue

Design For Profit

Design For Profit Architect Paul Steelman provides his insights into designing the most expensive privately funded buildings on earth and making and breaking trends. By Muhammad Cohen | Editor-at-Large EMINENT casino architect Paul Steelman helped create the Asian gaming boom with the groundbreaking design of Sands... Monday, 29 January 2018 15:11

Climbing the mountain

Climbing the mountain   ASX-listed Silver Heritage Group finally launched hotel and casino operations at its new Tiger Palace Resort Bhairahawa in late 2017, having survived the 2015 earthquake, a fuel blockade on the Nepal-India border and an AU$19 million (US$14.4 million) funding shortage as a result of the delays. ... Monday, 29 January 2018 15:07

Can sportsbooks survive a 1% tax on handle?

Can sportsbooks survive a 1% tax on handle?   The big news coming out of the United States this year is the likely striking down of the federal ban on sports betting. But with many states licking their lips in anticipation of added tax dollars, the sports betting industry may well have another crippling fight on its hands. THE US Supreme C... Monday, 29 January 2018 15:05

Herman Ng:Macau Pioneer

Herman Ng:Macau Pioneer Inside Asian Gaming discovers a bit more about Herman Ng, CEO and Executive Director of Macau-based slot machine services firm Asia Pioneer Entertainment (APE). Ben Blaschke: Can you start by telling us a bit about yourself and your background? Herman Ng: I grew up in Macau and then when I was 16 ... Monday, 29 January 2018 14:52