Macau's chief executive will have the power to terminate any of Macau's six casino concessions on an individual basis to grant gambling credit to customers, according to a draft bill likely to become law in August.
Such powers are under new provisions added by the government to the draft, Macau lawmaker Chan Chak-mo (pictured right) said on Friday. He chairs a city court committee tasked with scrutinizing the bill. He was speaking to reporters after a closed-door meeting of the committee.
The draft revises credit rules for gambling in Macau, including ending decades of rights for eligible game promoters, known as junkets, to issue credits directly to players. Under the new legislation, the only institution allowed to offer gambling credits to customers in the Macau market is the beekeepers themselves.
The latest version of the legal proposal was posted on the Legislative Council's website.
Macau's sitting CEO said the casino concessioner could terminate the casino concessioner's eligibility to grant game credits to customers, regardless of whether the casino concessioner complies with the various obligations outlined in the legislation, citing "public interest."
GGRAsia asked Chan for the definition of the term "public interest" during a press briefing after the committee's meeting on Friday. Chan said such a language also applied to other types of Macau laws. In this case, the use of the language was not specifically subject to the committee's inquiry with the Macau government.
The final opinion, which was signed by lawmakers on the Chan Commission regarding the final version of the bill, provided an opinion on the subject from the city authorities.
According to the comment, the Macau government's proposal on the matter referred to an article in the Macau Gaming Act, a decree that has been in place since early 2023, with a new 10-year gaming concession stating that Macau's chief executive could unilaterally terminate actual casino concessions for public interest reasons.
The new legislation on gambling credit, titled "The legal system of credit concessions for games of chance in casinos," will undergo final deliberations by the legislative council's plenary session in the middle of this month. It will likely become law from Aug. 1, Chan noted.
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