Inside Asian Gaming

IAG SEP 2020年9月 亞博匯 51 streets entirely and into the glitzy VIP rooms of today’s integrated resorts. This last provision didn’t necessarily solve the problem of recouping debts from players based outside of Macau – and certainly not in mainland China – but there has been some progress since, with Wynn Macau winning a landmark 2013 court case in which Hong Kong’s High Court enforced a HK$14 million (US$1.8 million) gambling debt against one of its own citizens. As Green notes, implementation of the credit law was transformative for Macau’s gaming industry. “The credit law really allowed the casinos themselves to provide front money for the junkets on credit,” he explains. “Mind you, they underpinned their risk by requiring the junkets to deposit fairly substantial amounts with them, but even so there was a degree of risk there, and then the junkets themselves were able to leverage that availability of credit and the front money they had with those casinos to go and recruit higher value players. “What this meant too was that your chip runners and others moved indoors. They moved out of the shadows of the street and moved into the casinos and literally became the people that would run chips between the VIP room cages and the tables, just taking the winning chips and taking back dead chips until the guy had met his obligation to roll his front money.” Green notes that, by necessity, Macau’s oversight of gaming promoters is somewhat “looser” than might be expected in the stricter gaming jurisdictions of the United States or Australia, however the fact that junkets have moved off the streets and directly into IRs has forced the operators themselves to pay closer attention to what’s going on. “As long as [junkets] are required to operate under contract with concessionaires, the concessionaires provide an important control on their operations,” he explains. “The standard junket agreement now requires that they provide all of the information required for AML filings, that they comply with directions from the 焦點關注