Junket Landscape in Macau Experiences Growth Amidst New Regulations
By John Smith, October 9, 2024
Macau’s gaming sector is witnessing a significant transformation as the Gaming Inspection and Coordination Bureau (DICJ) reports a rise in licensed junkets and approved agents following the implementation of amended gaming laws aimed at regulating gaming promoters more effectively.
Recent data from the DICJ indicates that the number of licensed junkets has climbed to 24, a notable increase from just 18 at the beginning of the year. Furthermore, the number of approved agents has also expanded to 12, signaling a rejuvenation in the junket landscape that had previously been dwindling.
The amended gaming laws introduce critical changes to the operational framework for junkets. Notably, each licensed junket is now required to collaborate with only one concessionaire, effectively eliminating revenue-sharing agreements. Additionally, commissions have been capped at 1.25% of rolling, establishing clearer financial boundaries for operations.
In a bid to enhance the stability of the junket system, the new regulations impose minimum capital requirements for junkets, agents, and casino management companies. Specifically, junkets must secure a financial guarantee of MOP1.5 million, while agents need a minimum of MOP500,000. Casino management companies are also mandated to maintain a capital of at least MOP1.5 million. Meanwhile, gaming intermediary companies are required to have a registered capital of no less than MOP10 million.
Earlier this year, Macau's junket landscape faced challenges, with the number of licensed junkets dwindling to 18 from 35 in 2023. However, the recent uptick, including the emergence of new operators like VEGA STAR Ltd and Companhia De Ensemble Ltd, marks a positive shift in the sector.
Looking ahead, the DICJ has confirmed that the maximum number of junket licenses available in 2025 will remain at 50, maintaining the same cap as this year. This limit underscores the authority's commitment to maintaining a regulated and sustainable junket environment amid ongoing scrutiny.
For those keen to stay updated on the latest developments in Macau's gaming sector, follow John Smith on Twitter at @dark_web24.